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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 19.4
Disposition versions
19.4. An investment that was agreed to by the Fund at any time after 31 May 2024, for which it has committed but not yet disbursed sums at the end of a fiscal year and that would have been an eligible investment within the meaning of section 19.3 if it had been made by the Fund at that time is deemed, for the purposes of that section, to have been made by the Fund at that time.
In addition, an investment made by the Fund, at any time after 31 May 2024, in an entity that is not an enterprise within the meaning of section 18 and that is either a partnership (other than a partnership that is an investment fund) or a legal person, for the purpose of investing in a particular enterprise, is deemed, for the purposes of subparagraph i or iii of subparagraph a of subparagraph 1 of the first paragraph of section 19.3, to be an investment made at that time by the Fund in the particular enterprise.
Similarly, an investment made, at any time after 31 May 2024, by an entity that is neither an enterprise within the meaning of section 18 nor an investment fund otherwise than as first purchaser for the acquisition of securities issued by an enterprise is deemed, for the purposes of subparagraph ii of subparagraph a of subparagraph 1 of the first paragraph of section 19.3, to have been made, at that time, by the Fund in proportion to its share in the entity, if one of the main reasons for which the Fund holds an interest in the entity is to enable the financing of such an acquisition.
