Marginal note:Order in council

468. Sections 466 and 467 come into force on a day to be fixed by order of the Governor in Council made on the recommendation of the Minister of Transport.

Marginal note:2000, c. 15, s. 17(1)

• 469. (1) Paragraphs 6(1)(b) and (c) of the Air Canada Public Participation Act are repealed.

• Marginal note:1993, c. 34, s. 3; 1994, c. 47, s. 220 (Sch. IV, s. 1); 2000, c. 15, s. 17(2); 2001, c. 35, s. 1(2) to (4)

  (2) Subsections 6(2) to (7) of the Act are repealed.

Marginal note:Articles and by-laws

• 470. (1) Any provisions of the articles of the Corporation, as defined in subsection 2(1) of the Air Canada Public Participation Act, that impose constraints described in paragraphs 6(1)(b) and (c) of that Act, as those paragraphs read immediately before the coming into force of section 469, and any provisions of the Corporation’s by-laws that give effect to those constraints, have, as of the day on which section 469 comes into force, no further force or effect.

• Marginal note:Restatement of articles

  (2) The articles of the Corporation may be restated under section 180 of the Canada Business Corporations Act as a result of subsection (1).

• Marginal note:Shares no longer subject to constraint

  (3) Any shares of the Corporation that, immediately before the coming into force of section 469, were subject to constraints referred to in subsection (1) cease to be subject to those constraints on the day on which that section comes into force.

Marginal note:Order in council

471. Sections 469 and 470 come into force on a day to be fixed by order of the Governor in Council made on the recommendation of the Minister of Finance.