A-32.1 - Insurers Act

Full text
430. A federation may designate any group of which it is the holder of control as an investment fund.
The sole purpose of such a group is then to grow the sums contributed to it as consideration for the securities it issues by investing those sums for profit.
The provisions of this Act that are applicable to a federation’s segregated investment funds, except sections 428 and 429, apply to such an investment fund, with the necessary modifications.
2018, c. 23, s. 32018, c. 23, s. 3.
In force: 2019-06-13
430. A federation may designate any group of which it is the holder of control as an investment fund.
The sole purpose of such a group is then to grow the sums contributed to it as consideration for the securities it issues by investing those sums for profit.
The provisions of this Act that are applicable to a federation’s segregated investment funds, except sections 428 and 429, apply to such an investment fund, with the necessary modifications.
2018, c. 23, s. 32018, c. 23, s. 3.