8. (1) A small business development corporation shall set aside in a trust fund an amount of money, (a) equal to 30 per cent of all amounts received by it as equity capital where the small business development corporation is a Northern and Eastern small business development corporation; or (b) equal to 25 per cent of all amounts received by it as equity capital where the small business development corporation is not a Northern and Eastern small business development corporation, and such trust fund shall be held by a trustee on behalf of the corporation in trust for the corporation and for the Crown jointly to be dealt with in accordance with this section. Payment out of trust fund (2) Subject to subsection (4), while any amount is held in trust under subsection (1), the Minister shall permit payment from the fund of an amount equal to, (a) .4286 of the purchase price paid by the small business development corporation to acquire an eligible investment where the shares of the small business development corporation were issued and fully paid for prior to the 24th day of October, 1985 or where the small business development corporation is a Northern and Eastern small business development corporation; or (b) .3572 of the purchase price paid by the small business development corporation to acquire an eligible investment where the small business development corporation is not a Northern and Eastern small business development corporation and the shares of the small business development corporation were not issued and fully paid for prior to the 24th day of October, 1985, provided that the Minister is satisfied that the purchase price of such eligible investment has been paid in full in money or that the amount to be permitted to be paid out by the Minister will be used by the corporation in payment of the purchase price of the eligible investment. Idem (3) Subject to subsection (4), while any amount is held in trust under subsection (1), the Minister may permit payment from the fund to a shareholder of the small business development corporation, of an amount calculated in the prescribed manner, when equity shares of the small business development corporation are acquired by the small business development corporation by redemption, purchase or otherwise from such shareholder. Idem (4) The money held in trust in accordance with subsection (1) shall not be paid out to any person or corporation unless the Minister has consented in writing to such payment. Interest (5) Subject to paragraph 5 of section 24, interest earned on the trust fund established in accordance with subsection (1) shall be paid to the small business development corporation. Payment out of fund (6) Where the registration of a small business development corporation is revoked or surrendered, the amount then remaining in the trust fund established under subsection (1) is immediately payable to the Crown, and the receipt of the Minister therefor is a full and sufficient discharge to any trustee for such money or to any other person or corporation having control of the trust funds, for the payment over of such money to the Crown, and such payment is a full and complete discharge to the person or corporation making it and for any claim to such payment by any person or corporation that claims to be entitled to the funds. Idem (7) Where any person or corporation fails to make the payment to the Crown required by subsection (6), such person or corporation is liable to the Crown for the amount that should have been paid under subsection (6). Calculation of trust fund (8) Despite subsections (1) and (2), where the Minister has paid a grant under subsection 20 (8) or allowed a tax credit under subsection 21 (3), or where an applicant is deemed to have made an investment in equity shares of a small business development corporation under subsection 20 (9) or 21 (4), a small business development corporation shall set aside an amount of money equal to 30 per cent of all amounts received by it as equity capital prior to the 24th day of October, 1985, and the Minister shall permit payment from the fund in accordance with clause (2) (a).  R.S.O. 1990, c. S.12, s. 8. Exception (9) This section does not apply to amounts received by a small business development corporation as equity capital from a shareholder who was not eligible to receive a grant or tax credit under this Act.  1994, c. 17, s. 138. Eligible Investments