of Bill :
Her Majesty, by and with the advice and consent of the Legislative Assembly of New Brunswick, enacts as follows:
1 The Bulk Sales Act, chapter B-9 of the Revised Statutes, 1973, is repealed.
2 New Brunswick Regulation 82-162 under the Bulk Sales Act is repealed.
3 New Brunswick Regulation 88-77 under the Financial Administration Act is repealed.
Credit Unions Act
4 Subsection 140(4) of the Credit Unions Act, chapter C-32.2 of the Acts of New Brunswick, 1992, is repealed.
Loan and Trust Companies Act
5 Paragraph 245(1)(b) of the Loan and Trust Companies Act, chapter L-11.2 of the Acts of New Brunswick, 1987, is repealed and the following is substituted:
(b) authorizing and directing the sale of the assets of the licensed company in whole or in part,
6 This Act comes into force on August 1, 2004.
The amendment to the Credit Unions Act is consequential on the repeal of the Bulk Sales Act.
The amendment to the Loan and Trust Companies Act is consequential on the repeal of the Bulk Sales Act.