Financial Administration Act

Marginal note:Application to court

• 118 (1) Where a director or an officer of a Crown corporation fails to disclose his interest in a material contract in accordance with section 116, a court may, on application of the corporation or on behalf of the Crown, set aside the contract on such terms as it thinks fit.

• Marginal note:Definition of “court”

  (2) In this section, court means

  • (a) in the Province of Prince Edward Island or Newfoundland, the trial division of the Supreme Court of the Province;

  • (a.1) in the Province of Ontario, the Superior Court of Justice;

  • (b) in the Province of Quebec, the Superior Court of the Province;

  • (c) in the Province of New Brunswick, Manitoba, Saskatchewan or Alberta, the Court of Queen’s Bench for the Province;

  • (d) in the Provinces of Nova Scotia and British Columbia, the Supreme Court of the Province; and

  • (e) in the Yukon Territory or the Northwest Territories, the Supreme Court of the territory, and in Nunavut, the Nunavut Court of Justice.