Canada Cooperatives Act — C-1.7 2
rectors, or any other individual who performs functions for the cooperative similar to those normally performed by an individual occupying any such office. ( dirigeant ) ordinary resolution means a resolution passed by a majority — or any greater number set out in the articles or a unanimous agreement — of the votes cast by or on behalf of the persons who are entitled to vote in respect of the resolution. ( résolution ordinaire ) patronage return means an amount that the cooperative allocates among and credits or pays to its members or to its member and non-member patrons based on the business done by them with or through the cooperative. ( ristourne ) person means an individual or an entity, and includes a personal representative. ( personne ) personal representative means a person who stands in place of and represents another person including, but not limited to, a trustee, an executor, an administrator, a liquidator of a succession, an administrator of the property of others, a guardian or tutor, a curator, a receiver or sequestrator, an agent or mandatary or an attorney. ( représentant personnel ) prescribed means prescribed by regulation. ( Version anglaise seulement ) prior legislation means the Canada Cooperative Associations Act , chapter 6 of the Statutes of Canada, 1970-71-72. ( législation antérieure ) proxy means a completed and executed or, in Quebec, signed form of proxy by means of which a shareholder appoints a proxyholder to attend and act on the shareholder’s behalf at a meeting of the shareholders. ( procuration ) put means an option transferable by delivery, to deliver a specified number or amount of securities at a fixed price within a specified time. ( option de vente ) redeemable , with respect to an investment share issued by a cooperative, means that the share is one (a) that the cooperative may acquire or redeem on the demand of the cooperative; or (b) that the cooperative is required by its articles to acquire or redeem at a specified time or on the demand of the holder. ( rachetable ) security includes an investment share, a debt obligation of a cooperative and a certificate evidencing such a share or debt obligation and, for the purposes of section 173 and Parts 18.1 and 19, includes a membership share. ( valeur mobilière ) security interest means an interest or right in or charge on property of a cooperative to secure payment of a debt or the performance of an obligation of the cooperative. ( sûreté ) send includes deliver. ( envoyer ) series , in respect of investment shares, means a division of a class of those shares. ( série ) share means a membership share or an investment share. ( part ) shareholder means a person described in section 6. ( détenteur de parts de placement ) special resolution means a resolution passed by not less than two thirds — or any greater number set out in the articles or a unanimous agreement — of the votes cast by or on behalf of the persons who are entitled to vote in respect of the resolution. ( résolution spéciale ) unanimous agreement means an agreement in writing among all members and all shareholders, if any, that contains a provision referred to in subsection 115(1). ( convention unanime ) Affiliates (2) For the purposes of this Act, (a) a body corporate is affiliated with another body corporate if one of them is a subsidiary of the other, if both are subsidiaries of the same body corporate or if each of them is controlled by the same person; and (b) if two bodies corporate are affiliated with the same body corporate at the same time, they are deemed to be affiliated with each other. Minors (3) For the purposes of this Act, the word minor has the same meaning as in the applicable provincial law and, in the absence of any such law, has the same meaning as the word child in the United Nations Convention on the Rights of the Child, adopted in the United Nations General Assembly on November 20, 1989. 1998, c. 1, s. 2; 2000, c. 12, s. 28; 2001, c. 14, s. 137; 2011,