Abandonment of rates and charges

In force

(1)

A corporation may, in accordance with the rules, waive or reduce rates, charges and interest due.

(2)

Rates and charges may be waived under this section only if the auditor of the corporation certifies that the waiver is in accordance with the rules and has been approved by the board of the corporation.

This Act’s bill:Explanatory memorandum Second reading speech

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165 Abandonment of rates and charges