BILL NO. 135
2nd Session, 63rd General Assembly
68 Elizabeth II, 2019
Nova Scotia Power Privatization Act (amended)
Nova Scotia Power Reorganization (1998) Act (amended)
The Honourable Geoff MacLellan
Minister of Business
First Reading: April 3, 2019
Second Reading: April 4, 2019
Third Reading: April 11, 2019 (LINK TO BILL AS PASSED)
Clauses 1 and 2 require the head office and principal executive offices of Nova Scotia Power Incorporated to be in Nova Scotia.
Clause 3 removes restrictions on the ownership of voting shares of Emera Incorporated (formerly NS Power Holdings Incorporated) by non-residents and requires the head office and principal executive offices of Emera Incorporated to be in Nova Scotia.
An Act to Amend Chapter 8
of the Acts of 1992,
the Nova Scotia Power Privatization Act,
and Chapter 19 of the Acts of 1998,
the Nova Scotia Power Reorganization (1998) Act
1 Clause 8(1)(g) of Chapter 8 of the Acts of 1992, the Nova Scotia Power Privatization Act, is amended by adding "as provided in Section 8A" immediately after "Province" in the last line.
- 8A (1) In this Section, "head office and principal executive offices" means the offices at which the Chief Executive Officer of the Company and substantially all senior executives of the Company reporting to the Chief Executive Officer materially perform their duties.
3 (1) Subsection 5(1) of Chapter 19 of the Acts of 1998, the Nova Scotia Power Reorganization (1998) Act, is amended by striking out "(c), (d)," in the third and fourth lines.
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