Bank Act — B-1.01 425
other indirect products of the soil; ( produits agricoles ) products of aquaculture includes all cultivated aquatic plants and animals; ( produits aquicoles ) products of the forest includes (a) logs, pulpwood, piling, spars, railway ties, poles, pit props and all other timber, (b) boards, laths, shingles, deals, staves and all other lumber, bark, wood chips and sawdust and Christmas trees, (c) skins and furs of wild animals, and (d) maple products; ( produits de la forêt ) products of the quarry and mine includes stone, clay, sand, gravel, metals, ores, coal, salt, precious stones, metalliferous and non-metallic minerals and hydrocarbons, whether obtained by excavation, drilling or otherwise; ( produits des carrières et des mines ) products of the sea, lakes and rivers includes fish of all kinds, marine and freshwater organic and inorganic life and any substances extracted or derived from any water, but does not include products of aquaculture; ( produits aquatiques ) unperfected , in relation to a security interest, means that the security interest has not been registered in a public register maintained under the law under which the security interest is created, or has not been perfected or published by any other means recognized by that law, where the registration or other means of perfection or publication would have made the security interest effective against third parties or would have determined priorities in rank in respect of rights in, on or in respect of the property that is subject to the security interest; ( non parfaite ) warehouse receipt includes (a) any receipt given by any person for goods, wares and merchandise in the person’s actual, visible and continued possession as bailee thereof in good faith and not as the owner thereof, (b) receipts given by any person who is the owner or keeper of a harbour, cove, pond, wharf, yard, warehouse, shed, storehouse or other place for the storage of goods, wares and merchandise, for goods, wares and merchandise delivered to the person as bailee, and actually in the place or in one or more of the places owned or kept by the person, whether or not that person is engaged in other business, (c) receipts given by any person in charge of logs or timber in transit from timber limits or other lands to the place of destination of the logs or timber, (d) Lake Shippers’ Clearance Association receipts and transfer certificates, British Columbia Grain Shippers’ Clearance Association receipts and transfer certificates, and all documents recognized by the Canada Grain Act as elevator receipts, and (e) receipts given by any person for any hydrocarbons received by the person as bailee, whether the person’s obligation to restore requires delivery of the same hydrocarbons or may be satisfied by delivery of a like quantity of hydrocarbons of the same or a similar grade or kind. ( récépissé d’entrepôt ) Interpretation — products and by-products (2) For the purposes of sections 426 to 436, each thing included in the following terms as defined in subsection (1), namely, (a) aquacultural stock growing or produced in the aquaculture operation , (b) crops growing or produced on the farm , (c) livestock , (d) products of agriculture , (e) products of aquaculture , (f) products of the forest , (g) products of the quarry and mine , and (h) products of the sea, lakes and rivers , comprises that thing in any form or state and any part thereof and any product or by-product thereof or derived therefrom. 1991, c. 46, s. 425; 2012, c. 5, s. 36