SM 2004, c. 45

The Winnipeg Foundation Act

Back to the 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