Insurance Companies Act

Marginal note:Definitions

• 288 (1) In this Division,

  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 company

  distributing company[Repealed, 2005, c. 54, s. 270]

  insider

  insider[Repealed, 2005, c. 54, s. 270]

  officer

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

  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, and

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

• Marginal note:Control

  (2) For the purposes of this Division, a person controls a body corporate where 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• (3) and (4) [Repealed, 2005, c. 54, s. 270]