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 |