1. The definitions in this section apply in these Regulations.

“Act”

“Act” means the Canada Marine Act. (Loi)

“auditor”

“auditor” includes a partnership of auditors. (vérificateur)

“beneficial ownership”

“beneficial ownership” includes ownership of a share or borrowing through a trustee, legal representative, agent or other intermediary. (véritable propriétaire)

“body corporate”

“body corporate” includes a company or other body corporate wherever or however incorporated. (personne morale)

“controlled”

“controlled”, in respect of a body corporate, has the meaning assigned in subsection 2(3) of the Canada Business Corporations Act. (contrôle)

“court”

“court” means

• (a) the Ontario Court (General Division);

• (b) the Superior Court of Quebec;

• (c) the trial division or branch of the Supreme Court of Prince Edward Island and Newfoundland;

• (d) the Court of Queen’s Bench for New Brunswick, Manitoba, Saskatchewan and Alberta;

• (e) the Supreme Court of Nova Scotia and British Columbia;

• (f) the Supreme Court of the Yukon Territory and the Northwest Territories; and

• (g) the Federal Court. (tribunal)

“long-term”

“long-term”, in respect of an investment, means that the term to maturity is one year or more but less than 10.5 years. (à long terme)

“officer”

“officer”, in respect of a port authority, means a person appointed by the board of directors of the port authority under subsection 21(1) of the Act and the chairperson of the board of directors elected under section 17 of the Act. (dirigeant)

“short-term”

“short-term”, in respect of an investment, means that the term to maturity is less than one year. (à court terme)

2. The provisions of the Canada Business Corporations Act, the Canada Corporations Act and the Winding-up and Restructuring Act do not apply to a port authority unless in these Regulations they are expressly stated to apply.