4 Beneficial ownership
when it is held
(a) directly by that person, or
(b) through a personal representative or other intermediary
for the use or benefit of that person otherwise than as a security
interest.
(2) A person is deemed to own beneficially securities that are
beneficially owned by an entity controlled by that person.
(3) If a person owns securities in a corporation that itself owns
securities in a body corporate, in determining the person's
beneficial ownership of securities in the body corporate for the
purposes of subsection (2) no regard is to be taken of the securities
of the body corporate that are owned by the corporation.
1999 cI-5.1 s4