V-1.1 - Securities Act

Section 89 Disposition versions

2008-02-01

89. “Insider” means

(1)  every director or officer of an issuer;

(2)  every director or officer of a subsidiary of an issuer;

(3)  a person that exercises control over more than 10% of the voting rights attached to all outstanding voting securities of an issuer other than securities underwritten in the course of a distribution;

(4)  an issuer that holds any of its securities; or

(5)  a person prescribed by regulation or designated as an insider under section 272.2.

“Insider” also means a director or officer of an insider of an issuer.

1982, c. 48, s. 89; 1984, c. 41, s. 34; 2006, c. 50, s. 36.

1984-12-21

89. The insiders of a reporting issuer that are subject to the disclosure requirements established in this chapter are

(1)  the issuer itself, its subsidiaries, its senior executives and the senior executives of its subsidiaries;

(2)  any person who exercises control over more than 10% of a class of shares of a reporting issuer to which are attached voting rights or an unlimited right to a share of the profits and in its assets in case of winding-up, other than securities that were the object of a firm underwriting and are in the course of distribution;

(3)  the senior executives of a person contemplated in paragraph 2.

1982, c. 48, s. 89; 1984, c. 41, s. 34.

1983-04-06

89. The insiders of a reporting issuer that are subject to the disclosure requirements established in this chapter are

(1)  the issuer itself, its subsidiaries, its senior executives and the senior executives of its subsidiaries;

(2)  any person who exercises control over more than 10% of the voting rights attached to the outstanding securities of a reporting issuer, other than securities that were the object of a firm underwriting and are in the course of distribution;

(3)  the senior executives of a person contemplated in paragraph 2.

1982, c. 48, s. 89.