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The Jewish Foundation of Manitoba Incorporation Amendment Act

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

S.M. 2001, c. 45

THE JEWISH FOUNDATION OF MANITOBA INCORPORATION AMENDMENT ACT


 

(Assented to July 6, 2001)

WHEREAS The Jewish Foundation of Manitoba was incorporated by An Act to incorporate The Jewish Foundation of Manitoba, S.M. 1964 (1st sess.), c. 90;

AND WHEREAS The Jewish Foundation of Manitoba was continued by The Jewish Foundation of Manitoba Incorporation Act, R.S.M. 1990, c. 81;

AND WHEREAS The Jewish Foundation of Manitoba has by its petition prayed that it be enacted as hereinafter set forth and it is expedient to grant the prayer of the petition;

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

R.S.M. 1990, c. 81 amended

1           The Jewish Foundation of Manitoba Incorporation Act is amended by this Act.

2           Clause 5(a) is amended

(a) by striking out "shall not made" in the English version and substituting "shall not make"; and

(b) by striking out everything after "Province of Manitoba" and substituting "and in so investing or re-investing, the foundation shall exercise the judgment and care that a person of prudence, discretion and intelligence would exercise in administering the property of others".

3           Section 6 is amended

(a) in subsection (1), by striking out "20 persons" and substituting "not more than 25 persons,";

(b) in subsection (2), by striking out "term of office of the members of the board" and substituting "number of members of the board and their terms of office".

4           Section 7 is replaced with the following:

Committees of the board

7           The board may constitute and appoint such committees as it considers necessary or advisable from time to time to assist the board in administering the affairs of the foundation, and shall prescribe the duties and authority of each committee on a basis not inconsistent with this Act and the by-laws of the foundation.

5(1)        Subsection 8(1) is amended by adding the following after clause (f):

(g) any other charitable purpose or activity that the board from time to time determines.

5(2)        Subsection 8(5) of the English version is amended by adding "expressed" before "wish".

5(3)        The following is added after subsection 8(5):

Specific directions of donor to be followed

8(6)        Despite anything to the contrary in this Act or the foundation's by-laws, if so directed by a donor, the foundation may, at any time and from time to time, distribute all or part of the donor's donation, or any money or property substituted for it, for furthering the foundation's purposes or objects.

6           Section 9 is amended by adding "or agents" after "trustees".

7           Clause 10(c) is replaced with the following:

(c) the election, appointment, functions, duties, term of office and removal of the members of the board or of any committee of the board;

8           Section 14 is amended by adding ", or distributed annually to the members of the foundation" at the end.

Coming into force

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