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C.C.S.M. c. D60: Table of Contents

C.C.S.M. c. D60

The Development Corporation Act

1(1) Definitions
(2) Registered common-law relationship
PART I
OPERATION OF CORPORATION
2 Continuance of fund
3 Objects
4(1) Assistance from public and Govt. of Canada
(2) Approval of conditions
5 Powers
6 Forms of loans
7(1) Encouragement of assistance from other institutions
(2) General considerations in making loans
(3) Board may fix rates of interest
(4) Limitation on interest rate
(5) Restrictions on community development corporations
(6) Repayment of loans
(7) Diversity
(8) Compliance with Act
(9) Reports as to borrowers, etc.
(10) Information to be furnished by applicants
8(1) Supervision of expenditure of loans
(2) Record of supervision
(3) Where money misapplied
9 Sale of mortgaged security
10 Reports as to condition of securities
11 Advances to protect security
12(1) Board of directors
(2) M.L.A. etc. ineligible
(3) Term of office
(4) Filling of vacancies
(5) Re-appointment of directors
(6) Remuneration of directors
(7) Expenses of directors
13(1) Chairperson and general manager
(2) Assistant general manager
(3) Chairperson to preside at meetings
(4) General manager as chairperson
(5) Interim chairperson
13.1(1) Use of civil servants
(2) Advisors and experts
14(1) Board to administer corporation
(1.1) Quorum
(2) Approval of by-laws by minister
(3) Limitation of loans
(4) Appointment of directors of corporate borrowers
(5)
(6)
(7) Decision as to interest
(8) Disclosure of facts by directors
(9) Offence and penalty
15(1) Loan committee
(2) Powers of loan committee
(3) Assistance and advice
(4) Assistance of government employees
(5) Meetings of loan committee
(6) Chairperson to preside at meetings
(7) Quorum
16(1) Duties of chairperson
(2) Exercise of powers by chairperson
17(1) Capital of corporation
(2) Purchase of shares by the government
(3) Issue of shares to minister
(4) Registration of shares
(5) Directors' shares
(6) Re-transfer of directors' shares
(7) Appointment of proxies
(8) Shares in companies
(9) Qualifying shares in companies
(10) Transfer of qualifying shares in companies
(11) Transfer of shares in subsidiary company
18 Temporary borrowings
19 Advances from Cons. Fund
20(1) Loans by govt.
(2) Interest on loans
21(1) Power to borrow
(2) Limitation on borrowing powers
(3) Reissue of pledged securities
(4) Form of securities
(5) Signature of chairperson on securities
(6) Proof that securities are necessary
22(1) Power of govt. to guarantee
(2) Signing of guarantees
(3) Discharge of liability under guarantee
(4) Signature of Min. of Fin., etc.
23 Foreign currency
24 Repayment of advance
25(1) Payment of administrative costs
(2) Repayment of loans
(3) Reserves
(4) Dividends
(5) Investment of reserves
(6) Disposal of reserves
(7) Deficiency in revenues
26 Fiscal year
27 Audit
28(1) Acquisition of property
(2) Corporation agent of Crown
(3) Disposal of property
(4) Where approval of L. G. in C. not required
(5) Acceptance of certificate by district registrar
29(1) Annual report
(2) Further reports
(3) Special reports
(4) M.L.A. as member of committee
30 Meetings not required
31(1) Secrecy of records
(2) Information for legislative committees
(3) Disclosure by chairperson
32(1) Regulations
(2) Presentation to Assembly
33 Powers of corporation
34 Employees not civil servants
35 General liabilities
36 Application of Securities Act
37(1) Application of other Acts
(2) General capacity
(3) Taking security
(4) Exercise of rights, etc.
(5) Conflict with Corporations Act
38 Penalty
39(1) Limitation on liability
(2) Corporation's director of corporate borrower
(3) Effect of change of name
PART II
OPERATIONS REQUIRING APPROVAL OF
40 Development of industrial enterprises
41 Agent of Crown on special projects
42 Finance and accounting
43 Powers under Part II
44 Annual report
PART III
GENERAL
45 Loans to M.L.A.'s prohibited