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Legislative Assembly of New Brunswick
Status of Legislation - First Reading Bill
An Act to Amend the Winding-up Act
 
Legislature :
54
Session :
4
Bill No. :
34
Member :
Hon. Green
First Reading :
2002-4-19
Second Reading :
2002-4-23
Committee of the Whole :
2002-5-21
Amended :
Third Reading :
2002-5-22
Royal Assent :
2002-6-7
        
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Text of Bill :
   Her Majesty, by and with the advice and consent of the Legislative Assembly of New Brunswick, enacts as follows:

1                   Section 3 of the Winding-up Act, chapter W-10 of the Revised Statutes, 1973, is amended

   (a)       in paragraph (a) by adding “or members” after “shareholders”;

   (b)       in paragraph (e) by adding a comma followed by “members” after “shareholders”.

2                   Section 5 of the English version of the Act is amended by adding a comma after “under oath to the Court”.

3                   Section 6 of the Act is amended

   (a)       in subsection (1) by adding a comma followed by “member” after “creditor”;

   (b)       by adding after subsection (1) the following:

6(1.1)      With leave of the Court, an application under subsection (1) for the winding-up of a company may be made by any other person who, in the discretion of the Court, is an
interested person.

4                   Section 9 of the Act is amended by striking out “by or on behalf of a contributory or the Minister of Justice”.

5                   Subsection 10(1) of the French version of the Act is amended by striking out “cautionnemment” and substituting “cautionnement”.

6                   This Act or any provision of it comes into force on a day or days to be fixed by proclamation.



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Legend
* Private Bill
** Bill referred to Standing Committee on Law Amendments
+ Private Member's Public Bill
++ Motion for second reading defeated
+++ Debate at second reading adjourned
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