Canada Cooperatives Act — C-1.7 2
delegate means an individual who is appointed or elected to represent a member at a meeting of members. ( délégué ) Director means the Director appointed under section 371. ( directeur ) director means an individual occupying the position of director, by whatever name called, of a cooperative, and “board of directors” or “directors” refers to the directors as a body. ( administrateur ) distributing cooperative means, subject to subsections 4(4) and (5), a distributing cooperative as defined in the regulations. ( coopérative ayant fait appel au public ) entity means a body corporate, a trust, a partnership, a fund or an unincorporated organization. ( entité ) federation means a cooperative whose membership is composed substantially of other cooperative entities, federations or leagues of cooperative entities. ( fédération ) firm of accountants means a partnership whose partners and accountant employees are accountants engaged in the practice of accounting, or a body corporate that is incorporated by or under an Act of the legislature of a province and engaged in the practice of accounting. ( cabinet de comptables ) former Act cooperative means a cooperative that was incorporated under the Canada Cooperative Associations Act . ( coopérative sous le régime de l’ancienne loi ) holder means (a) in respect of a security certificate, the person in possession of the certificate issued or endorsed to the person or to bearer or in blank; (b) in respect of the ownership of a membership share, the person referred to in section 5; and (c) in respect of the ownership of an investment share, the person referred to in section 6. ( détenteur ) incapable , in respect of an individual, means that the individual is found, under the laws of a province, to be unable, other than by reason of minority, to manage their property or is declared to be incapable by any court in a jurisdiction outside Canada. ( incapable ) incorporated , when used with reference to a body corporate that is incorporated by or under an Act of Parliament or of the legislature of a province, includes a body corporate that is continued by or under any such Act. ( constitué ) incorporator means a person who signs articles of incorporation. ( fondateur ) individual means a natural person. ( particulier ) issuer , in respect of a security, means the entity that issues the security. ( émetteur ) investment share means a share in the capital of a cooperative that is not a membership share. ( part de placement ) meeting of a cooperative means (a) a meeting of members of a cooperative, or of a class of members of a cooperative, or (b) a meeting of the holders of investment shares of a cooperative, or a class or series of investment shares, as the context permits. ( assemblée d’une coopérative ) member means a member of a cooperative, but does not include an auxiliary member. ( membre ) member loan means a loan required by the cooperative from its members as a condition of membership or to continue membership in the cooperative, and, for the purpose of Parts 8, 16, 17, 18.1 and 19 and subsection 163(2), a member loan is deemed to be a membership share issued at par value. ( prêt de membre ) membership share means a share described in section 118. ( part de membre ) Minister means the member of the Queen’s Privy Council for Canada that is designated by the Governor in Council as the Minister for the purposes of this Act. ( ministre ) officer includes the chairperson of the board of directors, a vice-chairperson of the board of directors, the president, a vice-president, the secretary, an assistant secretary, the treasurer, an assistant treasurer and the general manager of a cooperative, and any other individual designated as an officer of the cooperative by by-law or by resolution of the directors, 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 re