ontario regulation 119/23

made under the

Development Corporations Act

Made: March 23, 2023
Filed: June 9, 2023
Published on e-Laws: June 9, 2023
Published in The Ontario Gazette: June 24, 2023

Amending O. Reg. 618/98

(ONTARIO TOURISM MARKETING PARTNERSHIP CORPORATION)

1. Subsection 4 (1) of Ontario Regulation 618/98 is amended by striking out “one of whom shall be a deputy minister from a ministry, other than the ministry of the Minister”.

2. The Regulation is amended by adding the following section:

17. (1) No cause of action arises against a director of the Ontario Tourism Marketing Partnership Corporation as a result of any act done in good faith in the performance or intended performance of his or her duties or any alleged neglect or default in the performance in good faith of his or her duties.

(2) No proceeding, including but not limited to a proceeding for a remedy in contract, restitution, tort or trust, shall be instituted against a director of the Ontario Tourism Marketing Partnership Corporation by a person who has suffered any damages, injury or other loss based on or related to any cause of action described in subsection (1).

(3) Subsections (1) and (2) do not relieve the Ontario Tourism Marketing Partnership Corporation of any liability to which it would otherwise be subject.

Commencement

3. This Regulation comes into force on the day it is filed.