C-7.1 - Act respecting the Centre de la francophonie des Amériques

Section 31 Disposition versions

2008-03-19

31. The Centre may not, except with the authorization of the Government,

(1)  contract a loan that causes the total of its current outstanding loans to exceed the amount determined by the Government;

(2)  make a financial commitment in excess of the limits or in contravention of the conditions determined by the Government;

(3)  acquire or hold shares in a legal person or an interest in a partnership in excess of the limits or in contravention of the conditions determined by the Government;

(4)  transfer shares in a legal person or an interest in a partnership in excess of the limits or in contravention of the conditions determined by the Government;

(5)  acquire or transfer other assets in excess of the limits or in contravention of the conditions determined by the Government; or

(6)  accept a gift or legacy to which a charge or condition is attached.

2006, c. 57, s. 31.