Legal Relations Chapter 15

A document evidencing a debt owed by the corporation, often used to refer to a secured debt.

A document evidencing a debt owed by the corporation, often used to refer to a unsecured debt.

A person whose relationship with the issuer of securities is such that they are likely to have access to relevant material information concerning the issuer that is not known to the public.

Shares and bonds issued by a corporation.

• The shares that a corporation is permitted to issue by its constitution. May have a combination of various rights & privileges:
• voting rights
• financial rights
• preference rights
• cumulative rights
• redemption rights

Represents a ownership interest in the issuing corporation

Shares are normally traded on the stock exchange

Does not sell share to the public

Document that shows the result of a search for a business name to insure the name is not already in use.

• Articles of incorporation
• Notice of registered office
• Notice of directors
• Nuans report
• Filing fee payable to the Receiver General

• mechanism for transferring securities
• investors have adequate information to make informed decisions
• Ensures public has confidence in the market place
• regulates trading securities
• remove or punishes rule breakers

A person who acquires material information