2nd Session, 42nd Legislature
This HTML version is provided for ease of use and is based on the bilingual version that was distributed in the Legislature after First Reading.
THE WINNIPEG HUMANE SOCIETY FOUNDATION INCORPORATION AMENDMENT ACT
|Bilingual version (PDF)||Explanatory Note|
(Assented to )
WHEREAS The Winnipeg Humane Society Foundation was incorporated by An Act to Incorporate The Winnipeg Humane Society Foundation, S.M. 1982, c. 58, and was continued by The Winnipeg Humane Society Foundation Incorporation Act, R.S.M. 1990, c. 223;
AND WHEREAS The Winnipeg Humane Society Foundation has presented a petition requesting the following amendments to The Winnipeg Humane Society Foundation Incorporation Act, and it is appropriate to grant the petition;
THEREFORE HER MAJESTY, by and with the advice and consent of the Legislative Assembly of Manitoba, enacts as follows:
The Winnipeg Humane Society Foundation Incorporation Act is amended by this Act.
Subsection 4(1) is amended by replacing clauses (a) and (b) with the following:
(a) the persons who hold each of the following offices of the Society, for so long as they hold the office:
(i) the chairperson,
(ii) the vice-chairperson,
(iii) the treasurer,
(iv) the past chairperson; and
(b) three persons who are elected or appointed in accordance with the Foundation's by-laws.
The following is added after section 4:
The Board may make by-laws
(a) establishing the procedure for electing or appointing members of the Board, including establishing their terms of office and procedures for their removal;
(b) respecting the Foundation's internal administration and governance; and
(c) respecting the conduct of the Foundation's business and affairs.
Sections 6 and 7 of the English version are amended by striking out "chairman", with necessary grammatical changes, wherever it occurs and substituting "chairperson", with necessary grammatical changes.
Section 9 is replaced with the following:
The Board must establish, for any investments of property donated to the Foundation, an investment policy that is consistent with the duty of care that a trustee has in administering the property of others. Subject to section 10 (terms of donations), the Foundation must adhere to that policy.
Subject to section 10 (terms of donations), the Foundation may retain a financial institution or other person, on terms approved by the Board, to make and manage investments on behalf of the Foundation in accordance with the Board's investment policy.
Subsection 10(1) is amended by striking out "an appointed trust company" and substituting "a person retained by it".
Subsection 10(2) is amended by striking out "trust company appointed under section 9" and substituting "person retained by the Foundation".
Clause 14(1)(d), subsection 14(2) and clause 15(c) are amended by striking out "trust company appointed under section 9" and substituting "person retained by the Foundation to manage its investments".
Section 17 is repealed.
This Act comes into force on the day it receives royal assent.