Transition — regulations

35   (1) The Lieutenant Governor in Council may make regulations it considers necessary or advisable

(a) to more effectively bring this Act into operation, and

(b) to remedy any transitional difficulties, in respect of any matter encountered in the transition from InBC Investment Corp., as incorporated under the Business Corporations Act, to the corporation as continued under this Act.

(2) For 3 years after the date this Act comes into force, a regulation made under this section may be made retroactive to a date not earlier than the date this Act or any provision of this Act comes into force and, if made retroactive, is deemed to come into force on the date specified in the regulation.

(3) This section is repealed 3 years after the date it comes into force and, on its repeal, any regulations made under it, unless repealed earlier, are also repealed.