BILL NO. 74
(as introduced)
3rd Session, 63rd General Assembly
Nova Scotia
70 Elizabeth II, 2021
Private Bill
The Yarmouth Golf and Country Club
The Honourable Zach Churchill
Yarmouth
First Reading: March 31, 2021
Second Reading: April 7, 2021
Third Reading: April 15, 2021 (LINK TO BILL AS PASSED)
Explanatory Note
(a) removes the requirement on the winding up of the Yarmouth Golf and Country Club for the proceeds of sale of the properties and assets, less the debts and liabilities, to be divided among the shareholders; and
(b) replaces it with a requirement to pay said proceeds to a similar non-profit entity agreed to by the majority of shareholders.
An Act to Amend Chapter 228
of the Acts of 1920,
An Act to Incorporate
The Yarmouth Golf and Country Club
1 Section 6 of Chapter 228 of the Acts of 1920, An Act to Incorporate The Yarmouth Golf and Country Club, is amended by striking out "divided among the shareholders in proportion to the number of paid up shares owned by each" in the sixth and seventh lines and substituting "paid to such similar non-profit entity as the majority of shareholders agree".
This page and its contents published by the Office of the Legislative Counsel, Nova Scotia House of Assembly, and © 2021 Crown in right of Nova Scotia. Created March 31, 2021. Send comments to legc.office@novascotia.ca.
