Prescribed Entities and Classes of Mortgages and Hypothecs Regulations (SOR/2011-230)
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Regulations are current to 2024-10-30 and last amended on 2012-01-01. Previous Versions
Prescribed Entities and Classes of Mortgages and Hypothecs Regulations
SOR/2011-230
Registration 2011-10-21
Prescribed Entities and Classes of Mortgages and Hypothecs Regulations
C.P. 2011-1235 2011-10-20
His Excellency the Governor General in Council, on the recommendation of the Minister of Finance, pursuant to subsection 10(3)Footnote a of the Interest ActFootnote b, hereby makes the annexed Prescribed Entities and Classes of Mortgages and Hypothecs Regulations.
Return to footnote aS.C. 2008, c. 28, s. 155
Return to footnote bR.S., c. I-15
Marginal note:Prescribed entities, mortgages and hypothecs
1 For the purposes of paragraph 10(2)(b) of the Interest Act,
(a) the following entities are prescribed:
(i) partnerships,
(ii) trusts settled for business or commercial purposes,
(iii) unlimited liability corporations as defined in the Business Corporations Act, R.S.A. 2000, c. B-9,
(iv) unlimited liability companies as defined in the Business Corporations Act, S.B.C. 2002, c. 57, and
(v) unlimited companies as defined in the Companies Act, R.S.N.S. 1989, c. 81; and
(b) the prescribed class of mortgages and hypothecs consists of those issued after January 1, 2012.
Marginal note:Coming into force
2 These Regulations come into force on January 1, 2012.
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