Cooperative Credit Associations Act (S.C. 1991, c. 48)

Act current to 2013-04-29 and last amended on 2012-12-19. Previous Versions

Marginal note:Pooling agreement

166. A written agreement between two or more shareholders may provide that in exercising voting rights the shares held by them will be voted as provided in the agreement.

Proxies

Marginal note:Definitions

166.01 The definitions in this section apply in this section and in sections 166.02 to 166.08.

“intermediary”

« intermédiaire »

“intermediary” means a person who holds a security on behalf of another person who is not the registered holder of the security, and includes

  • (a) a securities broker or dealer required to be registered to trade or deal in securities under the laws of any jurisdiction;

  • (b) a securities depositary;

  • (c) a financial institution;

  • (d) in respect of a clearing agency, a securities dealer, trust company, association, bank or other person, including another clearing agency, on whose behalf the clearing agency or its nominee holds securities of an issuer;

  • (e) a trustee or administrator of a self-administered retirement savings plan, retirement income fund or education savings plan or another similar self-administered savings or investment plan that is registered under the Income Tax Act;

  • (f) a nominee of a person referred to in any of paragraphs (a) to (e); and

  • (g) a person who performs functions similar to those performed by a person referred to in any of paragraphs (a) to (e) and holds a security registered in their name, or in the name of their nominee, on behalf of another person who is not the registered holder of the security.

“registrant”

“registrant”[Repealed, 2005, c. 54, s. 166]

“solicit” or “solicitation”

« sollicitation »

“solicit” or “solicitation” includes

  • (a) a request for a proxy, whether or not accompanied by or included in a form of proxy,

  • (b) a request to execute or not to execute a form of proxy or to revoke a proxy,

  • (c) the sending of a form of proxy or other communication to a shareholder under circumstances reasonably calculated to result in the procurement, withholding or revocation of a proxy, and

  • (d) the sending of a form of proxy to a shareholder under section 166.04,

but does not include

  • (e) the sending of a form of proxy in response to an unsolicited request made by or on behalf of a shareholder,

  • (f) the performance of administrative acts or professional services on behalf of a person soliciting a proxy,

  • (g) the sending by a registrant of the documents referred to in section 166.07, or

  • (h) a solicitation by a person in respect of shares of which that person is the beneficial owner.

“solicitation by or on behalf of the management of an association”

« sollicitation effectuée par la direction d’une association ou pour son compte »

“solicitation by or on behalf of the management of an association” means a solicitation by any person pursuant to a resolution or instruction of, or with the acquiescence of, the directors or a committee of the directors of the association.

  • 1997, c. 15, s. 120;
  • 2005, c. 54, s. 166.
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