FEI-FEVI 2010 EEC Report filed March 31, 2011 - FortisBC

(c) if any right, property, asset, included contract
or included permit referred to in subsection (1) is
registered or otherwise recorded in the name of the
transmission corporation, the registration or record
may remain but is deemed, for all purposes of this
and all other enactments and law, to reflect that
the right, property, asset, included contract or
included permit is owned by and vested in or held
by the authority, and
(d) in any record in or by which the authority deals
with a right, property, asset, included contract or
included permit referred to in subsection (1), it is
sufficient to cite this Act as effecting and
confirming the transfer from the transmission
corporation to the authority of the included
contract or included permit or of the title to the
right, property or asset and the vesting of that title
in the authority.
(6) For the purposes of this section, assets that become
assets of the authority under this section include records and
parts of records, and, without limiting this, all of the records
and parts of records of the transmission corporation are
transferred to and become the records of the authority on the
coming into force of this Part.
(7) Without limiting subsection (5) (c) of this section, or
section 383.1 of the Land Title Act, if a right, property or
asset referred to in subsection (1) of this section is registered
or recorded in the name of the transmission corporation,
(a) the authority may, in its own name,
(i) effect a transfer, charge, encumbrance or
other dealing with the right, property or
asset, and