Marginal note:Examination and fixing of royalty
70.6 (1) The Board shall, as soon as practicable, consider a request by the Commissioner to examine an agreement and the Board may, after giving the Commissioner and the parties concerned an opportunity to present their arguments, alter the royalties and any related terms and conditions arising under the agreement, in which case section 70.4 applies with such modifications as the circumstances require.
(2) As soon as practicable after rendering its decision, the Board shall send a copy thereof, together with the reasons therefor, to the parties concerned and to the Commissioner.
- R.S., 1985, c. 10 (4th Supp.), s. 16
- 1997, c. 24, s. 49(F)
- 1999, c. 2, s. 46
- Date modified: