2 Interpretation
subsidiary of another company if, but only if,
(a) it is controlled by
(i) that other,
(ii) that other and one or more companies each of which is
controlled by that other, or
(iii) 2 or more companies each o f which is controlled by that
other,
o r
(b) it is a subsidiary of a company that is that other's subsi diary.
(2) For the purposes of this Act, a company is deemed to be
another's holding company if, but only if, that other is its
subsidiary.
(3) For the purposes of this Act, one company is deemed to be
affiliated with another company if, but only if, one of them is the
subsidiary of the other or both are subsidiaries of the same
company or each of them is controlled by the same person.
(4) For the purposes of this Act, a company is deemed to be
controlled by another company or person or by 2 or more
companies if, but only if,
(a) shares of the first-mentioned company carrying more than
50% of the votes for the election of directors are held,
otherwise than by way of security only, by or for the benefit
of that other company or person or by or for the benefit of
those other companies, and
(b) the votes carried by those shares are sufficient, if exercised,
to elect a majority of the board of directors of the
first-mentioned company.
RSA 2000
(5) Repealed 2020 c25 s2(3).
(6) If a company whose sole shareholder is the Crown in right of
Alberta or the shareholders or directors of such a company are
empowered or required by this or any other Act to pass a
resolution, the resolution is deemed to be passed if it is signed by
the member of the Executive Council charged with the
administration of the Act pursuant to which the Crown acquired the
shares of the company and any requirement to hold a meeting does
not apply.
RSA 2000 cC-21 s2;2020 c25 s2(3)