Bank Act — B-1.01 2
ny class of shares of the body corporate or a debt obligation of the body corporate, and includes a warrant of the body corporate, but does not include a deposit with a financial institution or any instrument evidencing such a deposit or, for greater certainty, a membership share, and (b) in relation to any other entity, any ownership interest in or debt obligation of the entity; ( titre ou valeur mobilière ) security interest means an interest in or charge on property by way of mortgage, lien, pledge or otherwise taken by a creditor or guarantor to secure the payment or performance of an obligation; ( sûreté ) send includes deliver; ( envoyer ) series , in respect of shares, means a division of a class of shares; ( série ) share does not include a membership share; ( Version anglaise seulement ) significant interest means a significant interest determined in accordance with section 8; ( intérêt substantiel ) special resolution means a resolution passed by a majority of not less than two thirds of the votes cast in respect of that resolution or signed by all the persons who are entitled to vote on that resolution; ( résolution extraordinaire ) squeeze-out transaction means a transaction by a bank that is not a distributing bank, or a bank holding company that is not a distributing bank holding company, that requires an amendment to a by-law referred to in subsection 217(1) and that would directly or indirectly result in the interest of a holder of shares of a class of shares being terminated without their consent and without substituting an interest of equivalent value in shares that are issued by the following persons and have rights and privileges equal to or greater than those of the shares of the affected class: (a) in the case of a bank, the bank, and (b) in the case of a bank holding company, the bank holding company; ( transaction d’éviction ) subordinated indebtedness means an instrument evidencing an indebtedness of a bank that by its terms provides that the indebtedness will, in the event of the insolvency or winding-up of the bank, be subordinate in right of payment to all deposit liabilities of the bank and all other liabilities of the bank except those that, by their terms, rank equally with or are subordinate to such indebtedness; ( titre secondaire ) subsidiary means an entity that is a subsidiary of another entity as defined in section 5; ( filiale ) substantial investment means a substantial investment determined in accordance with section 10; ( intérêt de groupe financier ) Superintendent means the Superintendent of Financial Institutions appointed pursuant to the Office of the Superintendent of Financial Institutions Act ; ( surintendant ) trade , in respect of securities, means any sale or disposition of securities for valuable consideration; ( opération ) transfer , in respect of securities, includes a transmission by operation of law; ( transfert ) voting share means a share of any class of shares of a body corporate carrying voting rights under all circumstances or by reason of an event that has occurred and is continuing or by reason of a condition that has been fulfilled; ( action avec droit de vote ) WTO Member resident means a WTO Member resident within the meaning of section 11.1. ( résident d’un membre de l’OMC ) 1991, c. 46, ss. 2, 572, c. 47, s. 756, c. 48, s. 494; 1992, c. 51, s. 29; 1993, c. 34, s. 5(F), c. 44, s. 22; 1998, c. 30, ss. 13(F), 15(E); 1999, c. 3, s. 14, c. 28, s. 1; 2000, c. 12, s. 3; 2001, c. 9, s. 35, c. 27, s. 206; 2002, c. 7, s. 81(E); 2005, c. 54, s. 1; 2007, c. 6, s. 1; 2010, c. 12, s. 1894, c. 25, s. 146; 2012, c. 5, ss. 2, 223; 2014, c. 39, s. 269; 2015, c. 3, s. 5; 2016, c. 7, s. 156 2018, c. 27, s. 315 2020, c. 1, s. 158 2023, c. 26, s. 128 2026, c. 3, s. 343