Part 2 — Provincial Companies Subpart 1 Status and Powers of Provincial Companies
139 Time limit to acquire licence
year after it comes into existence or within any further period that
the Minister may on application allow,
(a) its directors must forthwith take all reasonable steps to
ensure that the company is dissolved under Division 11, and
(b) the company must not carry on any business or activity
except for the sole purpose of dissolving the company.
1999 cI-5.1 s139