S-29.02, r. 1 - Regulation under the Trust Companies and Savings Companies Act
22. For the application of section 212 of the Act, the expression “unproductive investment” means:
(1) a debt security other than a loan on which the interest is in arrears;
(2) preferred shares of a legal person in default of payment of the prescribed dividends on those shares;
(3) an immovable on which there is a hypothec or other charge in favour of a company that acquired it to protect its interests.