Government of Canada / Gouvernement du Canada
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First Nations Fiscal Management Act

Version of section 38 from 2006-04-01 to 2012-03-15:

Marginal note:Establishment

  •  (1) There is hereby established a board, to be known as the First Nations Financial Management Board, to be managed by a board of directors consisting of a minimum of nine and a maximum of 15 directors, including a Chairperson and Vice-Chairperson.

  • Marginal note:Capacity, rights, powers and privileges

    (2) The Board has the capacity, rights, powers and privileges of a natural person, including the capacity to

    • (a) enter into contracts;

    • (b) acquire, hold and dispose of property or an interest in property;

    • (c) raise, invest or borrow money; and

    • (d) sue and be sued.

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