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The Manitoba Employee Ownership Fund Corporation Amendment Act

This is an unofficial version.
If you need an official copy, contact Statutory Publications.

S.M. 1998, c. 28

THE MANITOBA EMPLOYEE OWNERSHIP FUND CORPORATION AMENDMENT ACT


 

(Assented to June 29, 1998)

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 1(1) is amended

(a) by repealing the definition "qualifying trust" and substituting the following:

"qualifying trust", in relation to an individual, means a trust governed by a registered retirement savings plan or registered retirement income fund, as those terms are defined under the Income Tax Act (Canada), under which the individual or a spouse of the individual is the annuitant; (« fiducie admissible »)

(b) by adding the following definition in alphabetical order:

"minister" means the member of the Executive Council charged by the Lieutenant Governor in Council with the administration of this Act; (« ministre »)

3         Clause 5(1)(a) is amended by striking out "individuals and qualifying trusts for individuals" and substituting "an individual or a trust governed by a registered retirement savings plan, as that term is defined in the Income Tax Act (Canada)".

Coming into force

4         This Act is retroactive and is deemed to have come into force on December 10, 1997.