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Segregation of foundation endowment
Cap. 24:02, s. 51 · Revised Edition 2020
(1) The foundation council shall not dispose of the foundation endowment, or any part of it, in such a manner as to frustrate or adversely affect the purpose of the foundation.
(2) The foundation council shall maintain the endowment separate from the assets of any member of the foundation council or the assets of any other foundation.
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