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Animal Pedigree Act

Version of section 39 from 2002-12-31 to 2004-12-14:

Marginal note:Use of funds

  •  (1) The Corporation may use the funds of the Corporation for any purpose calculated to advance the purpose of the Corporation.

  • Marginal note:Profits

    (2) Subject to any by-laws providing for the remuneration of the Corporation’s directors, officers, employees and agents, all profits or accretions of value to the property of the Corporation shall be used in furtherance of the purpose of the Corporation and no part of the property or profits of the Corporation may be distributed, directly or indirectly, to any member of the Corporation.

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