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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 22
Disposition versions

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22. The Fund may make any investment, other than investments in eligible enterprises, through a separate investment fund the management of which may be entrusted to a third person, provided that the third person is accountable directly to the board of directors of the Fund for any funds entrusted to him.
Any investment made by the manager of such a fund must be made in conformity with this Act and the investment policy adopted by the Fund.
For the purposes of section 21, investments made by the manager of the fund are deemed to be made directly by the Fund.
1995, c. 48, s. 22; 1999, c. 55, s. 8.
22. The Fund may make any investment, other than investments in Québec enterprises, through a separate investment fund the management of which may be entrusted to a third person, provided that the third person is accountable directly to the board of directors of the Fund for any funds entrusted to him.
Any investment made by the manager of such a fund must be made in conformity with this Act and the investment policy adopted by the Fund.
For the purposes of section 21, investments made by the manager of the fund are deemed to be made directly by the Fund.
1995, c. 48, s. 22.
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