Canada Cooperatives Act — C-1.7 2
Definitions 2 (1) The definitions in this subsection apply in this Act. affairs means the relationship between a cooperative and its affiliates and their members, shareholders, directors and officers, but does not include the business carried on by those bodies corporate. ( affaires internes ) affiliate means an affiliated body corporate within the meaning of subsection (2). ( groupe ) articles means the original or restated articles of incorporation, articles of amendment, articles of amalgamation, articles of continuance, articles of reorganization, articles of arrangement, articles of dissolution, articles of revival and articles of correction, and includes any amendments to any of them. ( statuts ) associate , in respect of a relationship with a person, means (a) a body corporate of which the person beneficially owns or controls, directly or indirectly, shares or securities currently convertible into shares carrying more than ten per cent of the voting rights under all circumstances or by reason of the occurrence of an event that has occurred and is continuing, or a currently exercisable option or right to purchase such shares or such convertible securities; (b) a cooperative entity of which the person beneficially owns more than ten per cent of the voting rights that can be cast at a meeting of the cooperative entity; (c) an unincorporated entity of which the person beneficially owns more than ten per cent of the ownership interests; (d) a partner of the person acting on behalf of the partnership of which they are partners; (e) a trust or an estate or succession in which the person has a substantial beneficial interest or serves as a trustee, administrator, executor or liquidator of a succession or in a similar capacity; (f) a spouse of the person or an individual who is cohabiting with the person in a conjugal relationship, having so cohabited for a period of at least one year; (g) a child of the person or of the spouse or individual referred to in paragraph (f); and (h) a relative of the person or of the spouse or individual referred to in paragraph (f), if that relative has the same residence as the person. ( liens ) auditor includes a firm of accountants. ( vérificateur ) bearer , in respect of a security, means the person who is in possession of a security that is payable to bearer or endorsed in blank. ( porteur ) beneficial ownership includes (a) in Quebec, the rights of a beneficiary of a trust that owns property, and ownership of property through one or more administrators of the property of others, mandataries or other legal representatives; and (b) in the rest of Canada, ownership of property through one or more trustees, legal representatives, agents or other intermediaries. ( véritable propriétaire ) body corporate includes a cooperative, a cooperative entity, a company or any other body corporate wherever or however incorporated. ( personne morale ) call means an option transferable by delivery, to demand delivery of a specified number or amount of securities at a fixed price within a specified time but does not include an option or right to acquire securities of the cooperative that granted the option or right to acquire. ( option d’achat ) cooperative means a body corporate that is incorporated under this Act and not discontinued under this Act. ( coopérative ) cooperative entity means a body corporate that, by the law under which it is organized and operated, must be organized and operated on — and is organized and operated on — cooperative principles. ( entité coopérative ) court means the court of first instance of superior jurisdiction of a province. ( tribunal ) debt obligation means a bond, debenture, note or other evidence of indebtedness of an entity, whether secured or unsecured. ( titre de créance ) 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 mean