Definitions
1. (1) In this Act, “articles of incorporation” or “articles” means the original or restated articles of incorporation, articles of amalgamation, articles of amendment, memorandum of association, a special Act or other instrument by which a credit union is incorporated and includes any amendment thereto; (“statuts constitutifs”, “statuts”) “auditor” means a person who is a public accountant licensed under the Public Accountancy Act; (“vérificateur”) “by-law” means a by-law approved under this Act, and includes any amendment or revocation of a by-law approved under this Act; (“règlement administratif”) “capital” means the outstanding amount that has been received from members on account of shares; (“capital social”) “certificate of incorporation” includes the memorandum of association, a special Act or any other instrument by which a credit union is incorporated; (“certificat de constitution”) “court”, except where the context indicates otherwise, means the Ontario Court (General Division); (“cour”) “credit union” means a corporation incorporated as a credit union or caisse populaire under this Act or a predecessor of this Act; (“caisse”) “debt obligation” means a bond, debenture, note or other similar obligation of a corporation, whether secured or unsecured; (“titre de créance”) “deposit” includes all sums placed on deposit with a credit union; (“dépôt”) “Director” means the Director of Credit Unions of the Ministry of Financial Institutions; (“directeur”) “financial statement” means a financial statement referred to in section 71; (“état financier”) “league” means a corporation incorporated as a credit union league or federation under this Act or a predecessor of this Act; (“fédération”) “member” means a person who is a member or enrolled as a member of a credit union under this Act, the articles and the by-laws of the credit union governing membership; (“sociétaire”) “Minister” means the Minister of Financial Institutions; (“ministre”) “officer” means the president, any vice-president, treasurer, secretary, manager, assistant treasurer, assistant secretary, assistant manager and any employee who has authority to approve loans and any employee of a credit union who reports directly to the board of directors; (“dirigeant”) “personal representative”, where used with reference to holding shares or having deposits in that capacity, means an executor, administrator, guardian, tutor, trustee, receiver or liquidator, or the committee of or curator to a mentally incompetent person; (“ayant droit”) “regulations” means the regulations made under this Act; (“règlements”) “related person”, where used to indicate a relationship with any person, means, (a) any person of the opposite sex to whom the person is married or with whom the person is living in a conjugal relationship outside marriage, (b) any son or daughter of the person, or (c) any relative of the person or of any person mentioned in clauses (a) and (b) who has the same home as that person; (“personne liée”) “special resolution” means a resolution that is not effective until it is passed by the board of directors of the credit union and confirmed, with or without variations, by at least two-thirds of the votes cast at a general meeting of the members of the credit union duly called for that purpose; (“résolution spéciale”) “Superintendent” means the Superintendent of Deposit Institutions; (“surintendant”) “surplus” means the aggregate balances of undivided earnings, statutory reserve and other reserves. (“excédent”) R.S.O. 1980, c.102, s.1(1); 1986, c.64, s.10; 1990, c.2, s.84, revised. Joint shares (2) For the purposes of this Act, two or more persons holding the same share or shares jointly shall be considered as one member. R.S.O. 1980, c.102, s.1(2).