Federal · Amendment
Federal law now authorizes the winding-down and dissolution of the Freshwater Fish Marketing Corporation
Freshwater Fish Marketing Act
Recorded date: March 16, 2012
Detected: June 12, 2026. Verify commencement in the official source.
Plain-language summary · AI-assisted
New provisions added to the Freshwater Fish Marketing Act give the federal Minister broad authority — with Governor in Council approval — to sell or dispose of the Corporation's assets, amalgamate or dissolve it, appoint a liquidator, and create or acquire successor entities. If a liquidator is appointed, the Corporation's board and president immediately lose their offices. Upon dissolution, remaining debts become federal Crown liabilities, surplus property reverts to the Crown, and all legal proceedings carry over to His Majesty in right of Canada. Board members lose any right to compensation when their offices are abolished. Separate provisions (not yet in force) will formally dissolve the Corporation and repeal the entire Act once triggered.
Who this affects
Freshwater Fish Marketing Corporation directors and officers · commercial freshwater fish harvesters and suppliers · entities holding contracts with the Corporation · federal government departments that may receive transferred assets
Check the official text
F-13 on the official source ↗
This page isn't an official version of the law and isn't legal advice. Summaries may omit details. Verify the dates and provisions that apply to you against the official source.