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Second Session, Thirty-Seventh Legislature

This version is based on the printed bill that was distributed in the Legislature after First Reading.
It is not the official version.   If accuracy is critical, you can obtain a copy of the printed bill from Statutory Publications.

BILL 4

THE MANITOBA EMPLOYEE OWNERSHIP FUND CORPORATION AMENDMENT ACT


Explanatory Note

(Assented to                                         )

HER MAJESTY, by and with the advice and consent of the Legislative Assembly of Manitoba, enacts as follows:

C.C.S.M. c. E95 amended

1         The Manitoba Employee Ownership Fund Corporation Act is amended by this Act.

2         Subsection 6(8) of the Schedule is repealed.

3         Section 25 of the French version is amended by striking out "Loi sur le Fonds de participation des travailleurs" and substituting "Loi constituant en corporation le Fonds de participation des travailleurs du Manitoba".

Coming into force

4         This Act comes into force on the day it receives royal assent.

Explanatory Note

This Bill repeals a provision of The Manitoba Employee Ownership Fund Corporation Act that prohibits a person whose shares have been redeemed by the Crocus Investment Fund from acquiring more shares within the next two years.

The Bill also corrects an error in the French version of the Act.