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S.M. 1998, c. 58



(Assented to June 29, 1998)

WHEREAS the Brandon University Foundation was incorporated by An Act to Incorporate Brandon University Foundation, S.M. 1980, c. 89, and was continued as a corporation by An Act to continue Brandon University Foundation, S.M. 1987-88, c. 69, as amended by S.M. 1994, c. 31;

AND WHEREAS the Brandon University Foundation 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:

S.M. 1987-88, c. 69 amended


The Brandon University Foundation Incorporation Act is amended by this Act.


Section 5 is amended

(a) by striking out the part preceding clause (a) and substituting "In furtherance of its purposes, the foundation has the powers of a natural person and, without limiting the generality of the foregoing, has the power to"; and

(b) by repealing clause (e) and substituting the following:

(e) subject to the limitations imposed by any trust, make investments exercising the judgment and care that a person of prudence, discretion and intelligence would exercise in administering the property of others;

Coming into force


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