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A-18.1 - Sustainable Forest Development Act

Section 100
Disposition versions

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100. The Minister establishes and sends to the holder of the timber supply guarantee a calendar of the dates on which the holder is to decide whether or not to purchase part of the annual volumes of timber specified in the guarantee.
A holder who, when required to decide whether or not to purchase the specified part of the annual volumes, refuses, neglects or fails to do so is deemed, after being informed by the Minister of the consequences of the refusal, neglect or failure, to have waived the right to those volumes of timber for the year.
The notice sent by the Minister must state that the holder has 10 days to remedy the situation.
2010, c. 3, s. 100; 2013, c. 2, s. 25.
100. The Minister may, after consulting the holder of a timber supply guarantee, establish a calendar of the dates on which the holder is to decide whether or not to purchase a specified part of the annual volumes of timber guaranteed.
A holder who, when required to decide whether or not to purchase the specified part of the annual volumes, refuses, neglects or fails to do so is deemed, after being informed by the Minister of the consequences of the refusal, neglect or failure, to have waived the right to those volumes of timber for the year.
The notice sent by the Minister must state that the holder has 10 days to remedy the situation.
2010, c. 3, s. 100.
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