Versions of s. 188(5), definition “net asset amount”

Historical text comes from the Justice Laws point-in-time corpus and is unofficial — not the official version.

2018-06-21 to present available View Source

net asset amount of a charitable foundation at any time means the amount determined by the formula A - B where A is the fair market value at that time of all the property owned by the foundation at that time, and B is the total of all amounts each of which is the amount of a debt owing by or any other obligation of the foundation at that time; (montant de l’actif net)

Full text

net asset amount of a charitable foundation at any time means the amount determined by the formula A - B where A is the fair market value at that time of all the property owned by the foundation at that time, and B is the total of all amounts each of which is the amount of a debt owing by or any other obligation of the foundation at that time; (montant de l’actif net)
2004-08-31 to 2018-06-21 View Source

net asset amount of a charitable foundation at any time means the amount determined by the formula A - B where A is the fair market value at that time of all the property owned by the foundation at that time, and B is the total of all amounts each of which is the amount of a debt owing by or any other obligation of the foundation at that time;