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Bank Act

Version of section 265 from 2012-12-19 to 2020-09-09:


Marginal note:Definitions

  •  (1) In this section and sections 266 to 272,

    affiliate

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

    business combination

    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; (regroupement d’entreprises)

    call

    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; (option d’achat)

    distributing bank

    distributing bank[Repealed, 2005, c. 54, s. 55]

    insider

    insider[Repealed, 2005, c. 54, s. 55]

    officer

    officer, in relation to a bank, 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 bank similar to those performed by a person referred to in paragraph (a) of the definition officer in section 2; (dirigeant d’une banque)

    put

    put means an option, transferable by delivery, to deliver a specified number or amount of shares at a fixed price within a specified time; (option de vente)

    share

    share means a voting share and includes

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

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

    • (c) a membership share. (action)

  • Marginal note:Control

    (2) For the purposes of this section and sections 266 to 272, 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  • (3) and (4) [Repealed, 2005, c. 54, s. 55]

  • 1991, c. 46, s. 265
  • 2005, c. 54, s. 55
  • 2010, c. 12, s. 2016
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