executive "executive" means the body, by whatever name called, to which the management of the affairs of a trade union or of any branch thereof is entrusted; "funds", when used in relation to the funds of a trade union includes all moneys collected or received by the trade union or any branch thereof from any source, including the proceeds of any investment or other thing done under section 49(1); ACT 262 - TRADE UNIONS ACT 1959 (REVISED 1981) 2. Interpretation.