Trust and Loan Companies Act (S.C. 1991, c. 45)

Act current to 2014-12-08 and last amended on 2013-12-12. Previous Versions

 [Repealed, 1997, c. 15, s. 366]

Insiders

Marginal note:Definitions
  •  (1) In this section and sections 271 to 277,

    “affiliate”

    « groupe »

    “affiliate” means a body corporate that is affiliated with another body corporate within the meaning of subsection 6(2);

    “business combination”

    « regroupement d’entreprises »

    “business combination” means an acquisition of all or substantially all of the assets of one body corporate by another, an amalgamation of two or more bodies corporate or any similar reorganization between two or more bodies corporate;

    “call”

    « option d’achat »

    “call” means an option, transferable by delivery, to demand delivery of a specified number or amount of shares at a fixed price within a specified time but does not include an option or right to acquire shares of the body corporate that granted the option or right to acquire;

    “distributing company”

    “distributing company”[Repealed, 2005, c. 54, s. 420]

    “insider”

    “insider”[Repealed, 2005, c. 54, s. 420]

    “officer”

    « dirigeant d’une société »

    “officer” , in relation to a company, means

    • (a) an officer as defined in paragraph (a) of the definition “officer” in section 2, or

    • (b) any natural person who performs functions for the company similar to those performed by a person referred to in paragraph (a) of the definition “officer” in section 2;

    “put”

    « option de vente »

    “put” means an option, transferable by delivery, to deliver a specified number or amount of shares at a fixed price within a specified time;

    “share”

    « action »

    “share” means a voting share and includes

    • (a) a security currently convertible into a voting share, and

    • (b) a currently exercisable option or a right to acquire a voting share or a security referred to in paragraph (a).

  • Marginal note:Control

    (2) For the purposes of this section and sections 271 to 277, a person controls a body corporate when the person controls the body corporate within the meaning of section 3, determined without regard to paragraph 3(1)(d).

  • (3) and (4) [Repealed, 2005, c. 54, s. 420]

  • 1991, c. 45, s. 270;
  • 2005, c. 54, s. 420.