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Electricity Act, 1998
Loi de 1998 sur l’électricité

ONTARIO REGULATION 422/04

The Opa

Note: This Regulation was revoked on January 1, 2015. (See: O. Reg. 297/14, ss. 1, 2)

Last amendment: O. Reg. 297/14.

This Regulation is made in English only.

Board of Directors

Prohibited class

1. A person who has a material interest in a market participant is a member of a class who may not hold office as a director of the OPA.  O. Reg. 422/04, s. 1.

Application of the Business Corporations Act and the Corporations Act

Business Corporations Act

2. (1) The following provisions of the Business Corporations Act apply, with necessary modifications, to the OPA:

1. Subsection 21 (2).

2. Subsections 132 (1) to (7).

3. Section 136.  O. Reg. 422/04, s. 2 (1).

(2) For the purposes of subsection (1), a reference in the Business Corporations Act to an officer of a corporation shall be deemed to include a member of a panel established by the OPA.  O. Reg. 422/04, s. 2 (2).

Corporations Act

3. The following provisions of the Corporations Act apply, with necessary modifications, to the OPA:

1. Subsections 59 (1) and (2) and sections 60 and 61.

2. Section 96.

3. Section 122.

4. Section 132.

5. Sections 273 and 275.

6. Subsections 286 (4) and (5) and section 292.

7. Subsection 298 (4) and sections 299 to 305.  O. Reg. 422/04, s. 3.

4. Omitted (provides for coming into force of provisions of this Regulation).  O. Reg. 422/04, s. 4.