Regulation BEFORE repealed by BC Reg 236/2004, effective May 21, 2004.
| B.C. Reg. 147/82 O.C. 769/82 | Filed April 15, 1982 |
Utilities Commission Act
Transfer of Shares Restriction Regulation
Whereas an application has been made by or with the consent of Inland Natural Gas Company Ltd. ("the public utility") for approval by the British Columbia Utilities Commission ("commission") under section 54 of the Utilities Commission Act to make on its books a transfer of shares in the capital of the public utility to TMA Western Resources Limited ("the corporation") of a majority interest in the share capital of the public utility:
1 The commission is directed to forbid
(a) the public utility from effecting, directly or indirectly, the transfer of any of its shares to the corporation or any agent, assignee or subsidiary of the corporation, and
(b) the corporation from exercising any voting rights in respect of any shares held by it in the public utility
until a decision is made by the commission on the application referred to in the recital to this order.
[Provisions of the Utilities Commission Act, R.S.B.C. 1996, c. 473, relevant to the enactment of this regulation: section 3]