Teleglobe Canada Reorganization and Divestiture Act (S.C. 1987, c. 12)
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Act current to 2012-05-14
Teleglobe Canada Reorganization and Divestiture Act
S.C. 1987, c. 12
Assented to 1987-04-01
An Act respecting the reorganization and divestiture of Teleglobe Canada
Her Majesty, by and with the advice and consent of the Senate and House of Commons of Canada, enacts as follows:
SHORT TITLE
Marginal note:Short title
1. This Act may be cited as the Teleglobe Canada Reorganization and Divestiture Act.
INTERPRETATION AND APPLICATION
Marginal note:Definitions
2. (1) In this Act,
“Commission”
« Conseil »
“Commission” means the Canadian Radio-television and Telecommunications Commission;
“control”
« contrôle »
“control” means control in any manner that results in control in fact, whether directly through the ownership of shares or indirectly through a trust, an agreement, the ownership of any body corporate or otherwise;
- “designated telecommunications common carrier”
“designated telecommunications common carrier”[Repealed, 1998, c. 8, s. 11]
“Minister”
« ministre »
“Minister” means the Minister of State (Privatization) or such other member of the Queen’s Privy Council for Canada as is designated by the Governor in Council as the Minister for the purposes of this Act;
“new corporation”
« nouvelle société »
“new corporation” means the corporation incorporated pursuant to section 4;
“person”
« personne »
“person” includes any individual, partnership, body corporate, unincorporated organization, government or agency thereof, trustee, executor, administrator or other legal representative;
- “telecommunication”
“telecommunication”[Repealed, 1993, c. 38, s. 116]
“Teleglobe”
« Téléglobe »
“Teleglobe” means the corporation established by the Teleglobe Canada Act;
“voting share”
« action avec droit de vote »
“voting share”, in respect of a body corporate, means a share of the body corporate carrying voting rights under all circumstances or under some circumstances that have occurred and are continuing, and includes
(a) a security currently convertible into such a share, and
(b) currently exercisable options and rights to acquire such a share or such a convertible security.
Marginal note:Same meaning
(2) Unless a contrary intention appears, words and expressions used in this Act have the same meaning as in the Canada Business Corporations Act.
Marginal note:Operation of Canada Business Corporations Act
(3) In the event of any inconsistency between this Act and the Canada Business Corporations Act, or anything issued, made or established under that Act, this Act prevails.
Marginal note:Operation of Competition Act
(4) Nothing in or done under the authority of this Act affects the operation of the Competition Act in respect of the acquisition of any interest in the new corporation.
- 1987, c. 12, s. 2;
- 1993, c. 38, s. 116;
- 1994, c. 24, s. 34(F);
- 1998, c. 8, s. 11.