Bill C-91

Financial Services

(a) the person is engaged, or is about to engage, in an enterprise in Canada;

(b) the amount invested, or to be invested, in the enterprise by persons other than the Bank and the character of the investment are such that the Bank may reasonably expect that those persons will have a continuing commitment to the enterprise; and

(c) the enterprise may reasonably be expected to prove successful.

(a) purchase or otherwise acquire real or personal property, including accounts receivable; and

(b) subject to any right of redemption that may exist, hold, lease to the person or subsequently sell, dispose of or otherwise deal with the property.

(a) acquire and hold security or a security interest of any kind and in any form for the due discharge of obligations under a loan, investment, guarantee or agreement that it makes or gives;

(b) surrender or reconvey the security or security interest and acquire and hold, in exchange, security or a security interest of any kind and in any form;

(c) realize the security or security interest made, acquired or held by it on the loan, investment, guarantee or agreement; and

(d) exchange, lease, sell, assign, convey or otherwise dispose of the loan, investment, guarantee, agreement, security or security interest.

(a) acquire and hold a warehouse receipt or bill of lading as security; or

(b) take security on goods, wares and merchandise in the same form and manner as security on such property may be taken by a bank under section 427 of the Bank Act.

(a) the loan, investment or guarantee would meet the Bank's eligibility criteria in subsection 14(3); or

(b) it is part of a block of loans, investments or guarantees the majority of which meet those criteria.

Management Services

(a) business planning services;

(b) management counselling and training, including seminars, conferences and meetings; and

(c) information.

Treasury Activities

(a) in debentures, bonds, stocks, bankers' acceptances or other securities of or guaranteed by any member of the Canadian Payments Association, or the government of Canada or a province; or

(b) in any other manner that the Minister of Finance may approve.

Other Services and Programs

Ancillary Powers

(a) accept deposits as security for the due performance of any arrangement or agreement with the Bank;

(b) determine and charge interest and any other form of compensation for services provided by the Bank in the exercise of its powers under this Act;

(c) procure the incorporation, dissolution or amalgamation of subsidiaries and acquire or dispose of any shares in them;

(d) acquire and dispose of any interest in any entity by any means;

(e) acquire, hold, exchange, lease, sell or otherwise dispose of any interest in real or personal property and retain and use the proceeds of disposition; and

(f) generally, do all other things that are incidental or conducive to attaining the purpose of this Act and the exercise of the powers of the Bank.

CAPITAL OF THE BANK

(a) the right to vote at any meeting of shareholders;

(b) the right to receive dividends declared on common shares; and

(c) the right to receive the remaining property of the Bank on dissolution.

(a) the holders of preferred shares are not entitled to vote at meetings of shareholders;

(b) dividends, once declared, are limited to the rate, whether fixed or variable, cumulative or non-cumulative, that may be provided for in the by-laws; and

(c) participation in the remaining property of the Bank on dissolution is limited to the consideration paid for the shares plus any dividend accumulated or declared and unpaid, but no more.

(a) the Bank is, or would after the payment be, unable to pay its liabilities as they become due; or

(b) the realizable value of the Bank's assets would, after the payment, be less than the aggregate of its liabilities and paid-up capital of all classes.

(a) setting out the rights, privileges, restrictions and conditions attaching to preferred shares, creating one or more additional classes of preferred shares and generally determining the rights and obligations of the holders of preferred shares, including

(i) limiting the right of the shareholders to specific dividends or repayments, whether fixed or variable,

(ii) authorizing the purchase or redemp tion of the shares by the Bank, either at the Bank's option or at the shareholder's request, and

(iii) limiting or extending the rights of the shareholders in any other way;

(b) authorizing the issue of any class of shares in one or more series and authorizing the Board to fix, by resolution, the maximum number of shares in each series and to determine the designation, rights, privileges, restrictions and conditions attaching to the shares of each series, subject to any limitations set out in the by-law;

(c) determining a maximum number of shares with respect to any class or series of preferred shares;

(d) changing authorized shares without par value, whether issued or not, into shares with a par value and changing authorized shares with a par value, whether issued or not, into shares without par value;

(e) consolidating or subdividing shares;

(f) converting shares of any class into shares of another class; and

(g) increasing or reducing the issued share capital or any part of it, with or without distribution of paid-in capital or reduction of liability on any of the shares.