s. 3 means a statutory corporation converting body declared by Order in Council under section 59 to be a converting body; means a subsidiary in respect declared subsidiary of which a declaration under section 87 is in force; in relation to a State business director, corporation, means chairman, deputy chairman, preference director or general director; in relation to a converting body, existing capital, means an amount equal to the excess of assets over liabilities of the converting body or, if there is no such excess, $5; means a financial financial accommodation benefit or assistance to obtain a financial benefit arising from or as a result of— (a) a loan; (b) issuing, endorsing or otherwise dealing in promissory notes; (c) drawing, accepting, endorsing or otherwise dealing in bills of exchange; (d) issuing, purchasing or otherwise dealing in securities; (e) granting or taking a lease of any real or personal property for financing but not for operating purposes; (f) any other arrangement that the Governor in Council on the recommendation of the Treasurer approves;
converting body means a statutory corporation declared by Order in Council under section 59 to be a converting body; declared subsidiary means a subsidiary in respect of which a declaration under section 87 is in force; director, in relation to a State business corporation, means chairman, deputy chairman, preference director or general director; existing capital, in relation to a converting body, means an amount equal to the excess of assets over liabilities of the converting body or, if there is no such excess, $5; financial accommodation means a financial benefit or assistance to obtain a financial benefit arising from or as a result of— s. 3 (a) a loan; (b) issuing, endorsing or otherwise dealing in promissory notes; (c) drawing, accepting, endorsing or otherwise dealing in bills of exchange; (d) issuing, purchasing or otherwise dealing in securities; (e) granting or taking a lease of any real or personal property for financing but not for operating purposes; (f) any other arrangement that the Governor in Council on the recommendation of the Treasurer approves;