F-3.1.2 - Act to establish Fondaction, le Fonds de développement de la Confédération des syndicats nationaux pour la coopération et l’emploi

Section 16 Disposition versions

1999-11-05

16. The main functions of the Fund are

(1)  to promote investment in enterprises by guaranteeing or standing surety for any obligation contracted by them or by investing directly so as to allow the creation, maintenance and preservation of jobs;

(2)  to foster the development of the enterprises described in section 17 by inviting the working men and women and other community resources to participate in their development by subscribing for shares of the Fund;

(3)  to develop the management skills of the working men and women in worker-controlled enterprises and facilitate their active involvement in the economic development of Québec;

(4)  to help enterprises conform to environmental laws and regulations;

(5)  to foster the development of environmental policies within enterprises.

1995, c. 48, s. 16; 1999, c. 55, s. 3.

1995-06-22

16. While allowing for reasonable profitability and judicious accumulation of retirement savings, the main functions of the Fund are

(1)  to promote investment in enterprises by guaranteeing or standing surety for any obligation contracted by them or by investing directly so as to allow the creation, maintenance and preservation of jobs;

(2)  to foster the development of the enterprises described in section 17 by inviting the working men and women and other community resources to participate in their development by subscribing for shares of the Fund;

(3)  to develop the management skills of the working men and women in worker-controlled enterprises and facilitate their active involvement in the economic development of Québec;

(4)  to help enterprises conform to environmental laws and regulations;

(5)  to foster the development of environmental policies within enterprises.

1995, c. 48, s. 16.