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S-34 - Act respecting fiscal incentives to industrial development

Section 11
Disposition versions

Full text
11. Every sum which, having been deposited in the fund in favour of a corporation, is not withdrawn in accordance with Division III within a period of five years and six months following the taxation year for which the corporation has made an election under section 4 regarding that sum, shall be transferred to the consolidated revenue fund.
Upon such transfer, all the rights granted to the corporation in respect of that sum by this act are extinguished.
1977, c. 59, s. 11.
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