F-3.2.0.4 - Act respecting security funds

Section 76 Disposition versions

1999-10-22

76. Within one year from the constitution of the security fund, the founder federation and, where such is the case, the federations which are members of it may transfer to the fund capital elements corresponding to the whole or a part of the amounts accumulated for purposes similar to those pursued by a security fund.

The Minister may authorize the fund to acquire and hold, for such period and on such conditions as he determines, the capital elements so transferred, where the acquisition and holding of those elements would otherwise constitute an offence against this Act.

1979, c. 53, s. 76; 1999, c. 40, s. 90.

1979-11-27

76. Within a delay of one year from the incorporation of the corporation, the founder federation and, where such is the case, the federations which are members of it may transfer to the corporation capital elements corresponding to the whole or a part of the amounts accumulated for purposes similar to those pursued by a security fund corporation.

The Minister may authorize the corporation to acquire and hold, for such period and on such conditions as he determines, the capital elements so transferred, where the acquisition and holding of those elements would otherwise constitute an offence against this act.

1979, c. 53, s. 76.