Government of Saskatchewan
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OC 204/2011 - Transfer and Acquisition of Real Property from Crown Investments Corporation to Saskatchewan Opportunities Corporation for $127,737,561 (Minister Responsible for Crown Investments Corporation/Minister Responsible for Innovation)
Description:

Title: Transfer and Acquisition of Real Property from Crown Investments Corporation to Saskatchewan Opportunities Corporation for $127,737,561

Minister: Minister Responsible for Crown Investments Corporation and Minister Responsible for Innovation

Summary: Orders that:

a) Crown Investments Corporation of Saskatchewan is authorized:

    a) to accept an assignment from the Government of Saskatchewan of all of is right, title and interest in the Real Property described in the attached Appendix A (“Real Property”), effective March 31, 2011;
    b) to record in its books and records the net book value of the Real Property of $127,737,561 as an equity investment by the Government of Saskatchewan; and
    c) to transfer all right, title and interest in the Real Property to Saskatchewan Opportunities Corporation; and

b) Saskatchewan Opportunities Corporation is authorized to accept an assignment from Crown Investments Corporation of Saskatchewan of all of its right, title and interest in the Real Property, effective March 3, 2011, and to record in its books and records the net book value of the Real Property of $127,737,561 as an equity investment by Crown Investments Corporation of Saskatchewan.

See: The Crown Corporations Act, 1993, section 31
The Saskatchewan Opportunities Corporation Act, section 19





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