Bank Act — B-1.01 2
 share within the meaning of section 7, and (c) in respect of the ownership of a membership share, the member who holds the membership share within the meaning of section 7.1; ( détenteur ) holding body corporate means a holding body corporate within the meaning of section 4; ( société mère ) 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, also refers to a body corporate that is continued by or under any such Act; ( constitué en personne morale ) incorporating instrument means the special Act, letters patent, instrument of continuance or other constating instrument by which a body corporate was incorporated or continued and includes any amendment to or restatement of the constating instrument; ( acte constitutif ) incorporator , in relation to a bank or a bank holding company, means a person who applied for letters patent to incorporate the bank or bank holding company, as the case may be; ( fondateur ) insurance holding company means a body corporate that is incorporated or formed under Part XVII of the Insurance Companies Act ; ( société de portefeuille d’assurances ) issuer , in respect of a security, means the entity that issues or issued the security; ( émetteur ) letters patent , in respect of an instrument authorized to be issued under this Act, means letters patent in a form approved by the Superintendent; ( lettres patentes ) local cooperative credit society means a body corporate organized on cooperative principles incorporated by or under an Act of the legislature of a province (a) whose members or shareholders consist substantially of natural persons, and (b) whose principal purpose is to receive deposits from and make loans to its members and shareholders; ( société coopérative de crédit locale ) member , in relation to a federal credit union, means a person who is one of the members of the federal credit union in accordance with subsection 47.04(2); ( membre ) membership share , in relation to a federal credit union, means an ownership interest in the federal credit union that confers the rights referred to in subsection 79.1(1); ( parts sociales ) members register , in relation to a federal credit union, means the register referred to in section 254.1; ( registre des membres ) Minister means the Minister of Finance; ( ministre ) 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; ( mineur ) NAFTA country resident [Repealed, 1999, c. 28, s. 1] non-WTO Member foreign bank means a foreign bank that is not controlled by a WTO Member resident; ( banque étrangère d’un non-membre de l’OMC ) officer means (a) in relation to a body corporate, a chief executive officer, president, vice-president, secretary, controller, treasurer and any other natural person designated as an officer of the body corporate by by-law or by resolution of the directors of the body corporate, and (b) in relation to any other entity, any natural person designated as an officer of the entity by by-law, by resolution of the members thereof or otherwise; ( dirigeant ) order form , in respect of a security, means a security in order form as determined in accordance with subsection 83(3); ( titre à ordre ) ordinary resolution means a resolution passed by a majority of the votes cast in respect of that resolution; ( résolution ordinaire ) patronage allocation means an amount that a federal credit union allocates among its members based on the business done by them with or through the federal credit union; ( ristourne ) person means a natural person, an entity or a personal representative; ( personne ) personal representative means a person who stands in place of and represents another person and, without limiting the generality of the forego