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The Development Corporation Amendment Act

S.M. 1991-92, c. 35

Bill 58, 2nd Session, 35th Legislature

The Development Corporation Amendment Act

(Assented to July 26, 1991)

HER MAJESTY, by and with the advice and consent of the Legislative Assembly of Manitoba, enacts as follows:

C.C.S.M. c. D60 amended

1           The Development Corporation Act is amended by this Act.

Subsection 17(1) repealed and substituted

2           Subsection 17(1) is repealed and the following is substituted:

Capital of corporation

17(1)       The capital of the corporation is $1,000.00 divided into 10 shares, each having a par value of $100.00.

Coming into force

3           This Act comes into force on the day it receives royal assent.