Part 2 — Provincial Companies Subpart 1 Status and Powers of Provincial Companies
208 Revival Revival
for a specified period, a dissolved provincial company, other than
one dissolved pursuant to an order of the Court.
(2) On receipt of the application, the Minister may
(a) issue a certificate of revi val that revives the provincial
company for a specified period, subject to any terms or
conditions that the Minister considers appropriate, or
(b) direct that an application be made to the Court under
subsection (3).
(3) Any interested person may apply to the Court for an order to
revive, for a specified period, a dissolved provincial company
(a) where the company was dissolved pursuant to an order of
the Court, or
(b) where the Minister makes a direction under subsection
(2)(b),
and the applicant must give notice of the application to the
Minister.
(4) The Court may order that the provincial company be revived
for a specified period and that the revival is subject to any terms or
conditions that it considers appropriate.
(5) If an order is made under subsection (4), the applicant must
forthwith send a certified copy of it to the Minister, and the
Minister must issue a certificate of revival that revives the company
RSA 2000
for the period specified in the order and that sets out any terms or
conditions specified in the order.
(6) On the application of an interested party, the Minister, in the
case of a certificate of revival issued under subsection (2), or the
Court, in the case of a certificate of revival issued under subsection
(5), may extend the period of time for which a provincial company
is revived, and the certificate of revival must be amended to show
the extended period.
(7) A provincial company is revived on the date shown in the
certificate of revival, and subject to any order under this section
and to rights acquired by any person prior to the revival, the
company is deemed to have continued in existence as if it had not
been dissolved.
(8) A provincial company that is revived under this section is
dissolved on the expiry of the period specified in its certificate of
revival.
1999 cI-5.1 s208