Interpretation
1. (1) In this Act, “associate”, where used to indicate a relationship with any person, means, (a) a corporation of which the person beneficially owns, directly or indirectly, more than 10 per cent of the equity shares of the corporation for the time being outstanding, (b) a corporation of which the person is an officer or director, (c) a person who beneficially owns, directly or indirectly, more than 10 per cent of the equity shares of the person, (d) a trust in which the person has a substantial beneficial interest, (e) a partner of the person, (f) a spouse or same-sex partner of the person, both as defined in Part III of the Family Law Act, or (g) a relative of the person or of his or her spouse or same-sex partner if the relative has the same home as the person; (“personne qui a un lien”) “Class A security” means, (a) for a community investment share corporation, a share of any class or series of shares of the corporation carrying a voting right or, in the case of a co-operative corporation, a preference share of the corporation, with other characteristics as set out in the regulations, and (b) for a community loan fund corporation, a debt obligation of the corporation that is not subordinate to any other debt obligation of the corporation and has other characteristics as set out in the regulations; (“valeur mobilière de catégorie A”) “community economic development corporation” means a community investment share corporation or a community loan fund corporation; (“société de développement économique communautaire”) “community investment share corporation” means a corporation that is registered under Part V and that satisfies the requirements of section 7; (“société de participation communautaire”) “community loan fund corporation” means a corporation that is registered under Part V and that satisfies the requirements of section 17; (“société de financement communautaire”) “equity share” means a share of any class or series of shares of a corporation carrying a voting right or, in the case of a co-operative corporation, a preference share; (“action participante”) “Minister” means the Minister of Municipal Affairs or such other member of the Executive Council to whom administration of this Act is assigned; (“ministre”) “Ministry” means the Ministry of the Minister; (“ministère”) “prescribed” means prescribed by the regulations; (“prescrit”) “regulations” means the regulations made under this Act; (“règlements”) “security offering” means an issuance by a community economic development corporation of its securities to the public; (“offre”, “offre de valeurs mobilières”) “sponsor” means, (a) a municipality, including a metropolitan, regional and district municipality and the County of Oxford, (b) a community development corporation within the meaning of section 112.2 of the Municipal Act, (c) a corporation without share capital, (d) a co-operative corporation without share capital, (e) an aboriginal community group, including a council of an Indian band within the meaning of subsection 2 (1) of the Indian Act (Canada), or (f) a community group. (“parrain”) 1993, c. 26, s. 1 (1); 1999, c. 6, s. 10. Corporate terms (2) Except as otherwise provided in this Act, all terms and expressions in this Act that relate to corporations have the same meaning that they have in the Business Corporations Act, the Corporations Act and the Co-operative Corporations Act, as appropriate. 1993, c. 26, s. 1 (2).