S-34.1, r. 3 - Regulation respecting petroleum exploration, production and storage licences, and the pipeline construction or use authorization

Section 116 Disposition versions

2018-09-20

116. A transferee of a share of the exploration, production or storage right must apply for the transfer to the Minister, in writing.

The application must be accompanied by

(1)  the most recent annual financial statement audited by an independent auditor, if the transferee is a legal person;

(2)  an update of the proof of solvency provided for in section 165, if the transferee acquires the majority of shares in the exploration, production or storage right; and

(3)  the designation of a representative with the Minister.

O.C. 1253-2018, s. 116.

Not in force

In force: 2018-09-20

116. A transferee of a share of the exploration, production or storage right must apply for the transfer to the Minister, in writing.

The application must be accompanied by

(1)  the most recent annual financial statement audited by an independent auditor, if the transferee is a legal person;

(2)  an update of the proof of solvency provided for in section 165, if the transferee acquires the majority of shares in the exploration, production or storage right; and

(3)  the designation of a representative with the Minister.

O.C. 1253-2018, s. 116.