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G-1.031 - Act respecting the Cree Nation Government

Section 56
Disposition versions

Full text
56. The Board, in accordance with this Act, shall exercise all the rights and powers of the Cree Nation Government relating to the portion of the compensation intended for the Cree and contemplated in Subsections 25.1 and 25.2 of the Agreement.
It shall act for the Cree Nation Government and shall bind it in respect of all its acts relating to the said compensation and it is the medium through which the Cree Nation Government shall receive in full ownership, administer, use, invest, transfer and distribute the compensation.
For the purposes of this Act, unless the context indicates otherwise, this compensation is that contemplated in the first paragraph of this section and includes the revenues therefrom, the interest, the fruits and other revenues derived from the compensation as well as the accretions thereto.
1978, c. 89, s. 56; 2013, c. 19, s. 49.
56. The Board, in accordance with this Act, shall exercise all the rights and powers of the Cree Regional Authority relating to the portion of the compensation intended for the Cree and contemplated in Subsections 25.1 and 25.2 of the Agreement.
It shall act for the Cree Regional Authority and shall bind it in respect of all its acts relating to the said compensation and it is the medium through which the Cree Regional Authority shall receive in full ownership, administer, use, invest, transfer and distribute the compensation.
For the purposes of this Act, unless the context indicates otherwise, this compensation is that contemplated in the first paragraph of this section and includes the revenues therefrom, the interest, the fruits and other revenues derived from the compensation as well as the accretions thereto.
1978, c. 89, s. 56.
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