BILL NO. 74

1st Session, 57th General Assembly
Nova Scotia
47 Elizabeth II, 1998

Private Bill

The Halifax Insurance Company
Capacity and Powers Act

Peter Delefes
Halifax Citadel

First Reading: November 16, 1998

Second Reading: November 17, 1998

Third Reading: November 26, 1998 (NO AMENDMENTS)

Be it enacted by the Governor and Assembly as follows:

1 This Act may be cited as The Halifax Insurance Company Capacity and Powers Act.

2 In this Act, "Company" means The Halifax Insurance Company, incorporated by Chapter 91 of the Acts of 1859 and continued as a body corporate by Chapter 172 of the Acts of 1906.

3 Notwithstanding Chapter 172, for the purposes of subsections 19(3) to (10), 26(8) to (10), 51(1) and (2), 51(4) to (15) and 52(1) and (3), Sections 53 to 56, 131 and 132 and subsections 133(5) to (8) of the Companies Act, as amended from time to time, the Company is deemed to be a company incorporated pursuant to the Companies Act on or after September 1, 1982, and those subsections and Sections, as amended from time to time, apply to the Company mutatis mutandis, and, for greater certainty, and without restricting the generality of the foregoing,

(a) to the extent that subsection 19(3) applies to the Company, that subsection shall be read as if it were amended by striking out "alter its memorandum of association to" in the fourth and fifth lines;

(b) to the extent that subsection 51(1) applies to the Company, that subsection shall be read as if it were amended by striking out ", if so authorized by its articles, may alter the conditions of its memorandum as follows, that is to say, it" in the first, second and third lines;

(c) to the extent that subsection 51(5) applies to the Company, that subsection shall be read as if it were amended by striking out "and to its memorandum of association" in the first and second lines;

(d) to the extent that subsection 51(12) applies to the Company, that subsection shall be read as if it were amended by

(i) striking out "and the memorandum of association is amended accordingly," in the third and fourth lines, and

(ii) striking out "Sections 57 to 67" in the fifth line and substituting "Sections 46 to 55 of the Corporations Miscellaneous Provisions Act"; and

(e) to the extent that subsection 131(1) applies to the Company, that subsection shall be read as if it were amended by striking out "Section 130" in the second line and substituting "Section 55 of the Corporations Miscellaneous Provisions Act."

4 Section 31 of Chapter 172 is repealed.