(1) Subject to subsections (2) and (3), the Corporation is a Crown agent for all purposes. 2011, c. 9, Sched. 32, s. 3 (1).
Exception
(2) The Corporation may declare in writing in an agreement, security or instrument that it is not acting as a Crown agent for the purposes of the agreement, security or instrument. 2011, c. 9, Sched. 32, s. 3 (2).
Effect of declaration
(3) If the Corporation makes a declaration in accordance with subsection (2), the Corporation shall be deemed not to be a Crown agent for the purposes of the agreement, security or instrument and the Crown is not liable for any liability or obligation of the Corporation under the agreement, security or instrument. 2011, c. 9, Sched. 32, s. 3 (3).