2 (1) The Ontario Association of Architects, a body corporate, is continued as a corporation without share capital under the name Ontario Association of Architects in English and Ordre des architectes de l’Ontario in French.  R.S.O. 1990, c. A.26, s. 2 (1). Principal object (2) The principal object of the Association is to regulate the practice of architecture and to govern its members, holders of certificates of practice and holders of temporary licences in accordance with this Act, the regulations and the by-laws in order that the public interest may be served and protected.  R.S.O. 1990, c. A.26, s. 2 (2). Additional objects (3) For the purpose of carrying out its principal object, the Association has the following additional objects: 1.  To establish, maintain and develop standards of knowledge and skill among its members. 2.  To establish, maintain and develop standards of qualification and standards of practice for the practice of architecture. 3.  To establish, maintain and develop standards of professional ethics among its members. 4.  To establish and maintain or to assist in the establishment and maintenance of classes, schools, exhibitions or lectures in, and to promote public appreciation of, architecture and the allied arts and sciences. 5.  To perform such other duties and exercise such other powers as are imposed or conferred on the Association by or under any Act.  R.S.O. 1990, c. A.26, s. 2 (3). Capacity and powers of Association (4) For the purpose of carrying out its objects, the Association has the capacity and the powers of a natural person.  R.S.O. 1990, c. A.26, s. 2 (4). Interest in insurance corporation (5) The Association may own shares of or hold a membership interest in an insurance corporation incorporated for the purpose of providing insurance to, (a)  members of the Association, holders of certificates of practice and holders of temporary licences; and (b)  persons authorized to engage in the practice of architecture in a jurisdiction other than Ontario.  2001, c. 9, Sched. B, s. 1 (2). Funds and acquisition of interest (6) The Association may use all or part of its reserve fund or other funds to acquire shares of or a membership interest in an insurance corporation described in subsection (5).  2001, c. 9, Sched. B, s. 1 (2). Transfer of assets, etc., re indemnity plan (7) The Association may transfer to an insurance corporation described in subsection (5) of which the Association owns shares or in which it holds a membership interest, (a)  all or part of the assets used in connection with the establishment, maintenance and administration of an indemnity plan under subsection 40 (2), as it read before the coming into force of subsection 1 (8) of Schedule B to the Government Efficiency Act, 2001; and (b)  all or part of the debts, liabilities and claims incurred in connection with the establishment, maintenance and administration of such an indemnity plan.  2001, c. 9, Sched. B, s. 1 (2, 3). Debts, liabilities and claims (8) Debts, liabilities and claims that are transferred under subsection (7) cease to be debts and liabilities of and claims against the Association and become debts and liabilities of and claims against the insurance corporation.  2001, c. 9, Sched. B, s. 1 (2). Section Amendments with date in force (d/m/y) 2001, c. 9, Sched. B, s. 1 (2) - 29/06/2001; 2001, c. 9, Sched. B, s. 1 (3) - 15/01/2003