Trust and Loan Companies Act — T-19.8 2
, the Nunavut Court of Justice; ( tribunal ) court of appeal means the court to which an appeal lies from a decision or order of a court; ( cour d’appel ) creditor , in respect of a company that is a trust company pursuant to subsection 57(2), includes a person who has money deposited with the company as guaranteed trust money; ( créancier ) debt obligation means a bond, debenture, note or other evidence of indebtedness of an entity, whether secured or unsecured; ( titre de créance ) deposit , in respect of money received by a company that is a trust company pursuant to subsection 57(2), means money received as guaranteed trust money; ( dépôt ) deposit liabilities , in respect of a company that is a trust company pursuant to subsection 57(2), means liabilities of the company in respect of guaranteed trust money; ( dette ) director means a natural person occupying the position of director, by whatever name called, of a body corporate, and board of directors or directors refers to the directors of a body corporate as a body; ( administrateur , conseil d’administration ou conseil ) entity means a body corporate, trust, partnership, fund, an unincorporated association or organization, Her Majesty in right of Canada or of a province, an agency of Her Majesty in either of such rights and the government of a foreign country or any political subdivision thereof and any agency thereof; ( entité ) equity , in respect of a company, means its equity as determined in accordance with the regulations; ( capitaux propres ) federal credit union has the same meaning as in section 2 of the Bank Act ; ( coopérative de crédit fédérale ) federal financial institution means (a) a company, (b) a bank, (c) an association to which the Cooperative Credit Associations Act applies, or (d) an insurance company or a fraternal benefit society incorporated or formed under the Insurance Companies Act ; ( institution financière fédérale ) fiduciary means any person acting in a fiduciary capacity and includes a personal representative of a deceased person; ( représentant ) financial institution means (a) a company, (b) a bank or an authorized foreign bank within the meaning of section 2 of the Bank Act , (c) an association to which the Cooperative Credit Associations Act applies, (d) an insurance company or a fraternal benefit society incorporated or formed under the Insurance Companies Act , (e) a trust, loan or insurance corporation incorporated by or under an Act of the legislature of a province, (f) a cooperative credit society incorporated and regulated by or under an Act of the legislature of a province, (g) an entity that is incorporated or formed by or under an Act of Parliament or of the legislature of a province and that is primarily engaged in dealing in securities, including portfolio management and investment counselling, and (h) a foreign institution; ( institution financière ) foreign institution means an entity that is (a) engaged in the business of banking, the trust, loan or insurance business, the business of a cooperative credit society or the business of dealing in securities or is otherwise engaged primarily in the business of providing financial services, and (b) incorporated or formed otherwise than by or under an Act of Parliament or of the legislature of a province; ( institution étrangère ) former Act means the Trust Companies Act or the Loan Companies Act ; ( loi antérieure ) former-Act company means a body corporate referred to in paragraph 12(b) or (c); ( société antérieure ) form of proxy means a written or printed form that, when completed and executed by or on behalf of a shareholder, constitutes a proxy; ( formulaire de procuration ) going-private transaction means a going-private transaction as defined in the regulations; ( transaction de fermeture ) guarantee includes a letter of credit; ( garantie ) guaranteed trust money means money that is received in trust for investment by a company that is a trust company pursuant to sub