Marginal note:Council agent of Her Majesty
(2) The Council may on behalf of Her Majesty enter into contracts in the name of Her Majesty or in its own name.
(3) Any property acquired by the Council is the property of Her Majesty and title thereto may be vested in the name of Her Majesty or in the name of the Council.
(4) Actions, suits or other legal proceedings in respect of any right or obligation acquired or incurred by the Council on behalf of Her Majesty, whether in its name or in the name of Her Majesty, may be brought or taken by or against the Council in the name of the Council in any court that would have jurisdiction if the Council were not an agent of Her Majesty.
- 1976-77, c. 24, s. 16
Marginal note:Application of Public Service Superannuation Act
- 1976-77, c. 24, s. 17
17 The Council may acquire money, securities or other property by gift, bequest or otherwise and, notwithstanding anything in this Act, may expend, administer or dispose of the money, securities or other property subject to the terms, if any, on which the money, securities or other property is given, bequeathed or otherwise made available to the Council.
- R.S., 1985, c. S-12, s. 17
- 2001, c. 4, s. 118(F)
- 2004, c. 25, s. 171(F)
18 The Council may, for the purposes of this Act, acquire, hold, manage and dispose of real, personal, movable and immovable property and, subject to this Act, and on the advice of the Investment Committee, may invest in any manner it sees fit any money received by the Council by gift, bequest or otherwise and may hold, manage and dispose of the investment.
- R.S., 1985, c. S-12, s. 18
- 2001, c. 4, s. 119
19 [Repealed, 2012, c. 19, s. 178]
Report to Parliament
Marginal note:Annual report
20 (1) The President shall, within four months after the end of each fiscal year, submit to the Minister a report on the activities of the Council for that fiscal year, including the financial statements of the Council.
Marginal note:Tabling report
(2) The Minister shall cause the report submitted under subsection (1) to be laid before Parliament within fifteen days after the receipt thereof by the Minister or, if Parliament is not then sitting, on any of the first fifteen days next thereafter that either House of Parliament is sitting.
- R.S., 1985, c. S-12, s. 20
- 2012, c. 19, s. 179
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