Canada Transportation Act
Marginal note:Certificate required
90 (1) No person shall construct or operate a railway without a certificate of fitness.
Marginal note:Exception — purchaser of railway
(2) Subsection (1) does not apply to a purchaser of a railway, or a portion of a railway, for a period of sixty days after the purchase if the railway or portion is purchased
(a) under a trust deed or mortgage;
(b) at the instance of the holders of a mortgage, bond or debenture for the payment of which a charge has been created on the railway or portion; or
(c) under any other lawful proceeding.
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