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"Point in Time" Regulation Content

Financial Institutions Act; Credit Union Incorporation Act; Business Corporations Act

Definitions Regulation

B.C. Reg. 311/90

 Section 1 BEFORE amended by BC Reg 211/2012, effective November 1, 2012.

 Definition of "officer"

1  In the Credit Union Incorporation Act, the Financial Institutions Act and the Company Act as it applies for the purposes of those 2 Acts, "officer" of a corporation includes a credit officer, an employee of the corporation who has the authority to approve loans and an employee of the corporation who reports directly to the directors.

[en. B.C. Reg. 109/92.]