A-3.001, r. 7 - Regulation respecting financing

Section 118 Disposition versions

2013-01-01

118. In this Subdivision,

“control” means

(1)  to hold shares, other than as a creditor, representing more than 50% of the votes needed to elect the majority of the directors of a joint stock company;

(2)  to hold more than 50% of the votes needed to make decisions pertaining to a general partnership or a limited partnership;

“subsidiary” means a company or partnership controlled by a parent company or partnership directly or through its subsidiaries;

“group” means the group formed by a parent company or partnership and its subsidiaries;

“company or partnership” means a joint stock company, a general partnership or a limited partnership;

“parent company or partnership” means a legal person established under Part III of the Companies Act (chapter C-38), a cooperative established under the Cooperatives Act (chapter C-67.2), a cooperative of financial services established under the Act respecting financial services cooperatives (chapter C-67.3), a corporation incorporated or continued under the Canada Not-for-profit Corporations Act (S.C. 2009, c. 23) or a company or partnership that is not a subsidiary and that directly or through its subsidiaries, controls each of the companies or partnerships forming a group.

Decision 2010-11-18, s. 118; Decision 2013-02-21, s. 1.

2012-09-01

118. In this Subdivision,

“control” means

(1)  to hold shares, other than as a creditor, representing more than 50% of the votes needed to elect the majority of the directors of a joint stock company;

(2)  to hold more than 50% of the votes needed to make decisions pertaining to a general partnership or a limited partnership;

“subsidiary” means a company or partnership controlled by a parent company or partnership directly or through its subsidiaries;

“group” means the group formed by a parent company or partnership and its subsidiaries;

“company or partnership” means a joint stock company, a general partnership or a limited partnership;

“parent company or partnership” means a cooperative under the Cooperatives Act (chapter C-67.2) or a company or partnership that is not a subsidiary and that directly or through its subsidiaries, controls each of the companies or partnerships forming a group.

Decision 2010-11-18, s. 118.