Second Session, Thirty-Eighth 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 300
Section | Table of Contents |
1 | Definitions |
2 | Foundation continued |
3 | Head office |
OBJECTS | |
4(1) | Objects |
(2) | Focus of the Foundation |
BOARD OF DIRECTORS | |
5(1) | Board to manage and administer the Foundation |
(2) | Composition |
6(1) | Appointment of directors |
(2) | Term of office |
(3) | When person ceases to be director |
(4) | Re-appointment |
(5) | Office holders eligible for appointment |
7 | No remuneration |
8 | Appointment of officers and employees |
9(1) | Investment policy |
(2) | Distribution policy |
10 | By-laws |
CAPACITY AND POWERS OF THE FOUNDATION | |
11(1) | Capacity and powers |
(2) | Specific powers in relation to property |
(3) | Power to administer funds of organizations |
12 | Application of powers |
DONATIONS AND DISTRIBUTION | |
13 | Liberal construction |
14 | Words sufficient to constitute donation |
15 | Donations to take effect in future |
16(1) | Compliance with donor's conditions |
(2) | When donor's wishes may be departed from |
(3) | Distribution outside Manitoba |
17 | Donations held in perpetuity |
18 | Assistance to charitable organizations |
CUSTODY OF FUNDS | |
19(1) | Appointment of custodian |
(2) | Obligations of trust company |
(3) | Revoking appointment |
OTHER PROVISIONS | |
20(1) | Application to transfer property to Foundation |
(2) | Power to make an order and its effect |
21 | Obligations not to be relieved |
22 | Annual audit |
23 | Dissolution |
24 | Corporations Act does not apply |
REPEAL AND COMING INTO FORCE | |
25 | Repeal |
26 | Coming into force |