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SM 2004, c. 45

The Winnipeg Foundation Act

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

 

 


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