finance subsidiary

CAUTION: Lexata's content was last updated in 2024 and may not reflect current securities regulatory requirements.

“finance subsidiary” is defined identically in Form 41-101F1 (long form prospectus) and Form 44-101F1 (short form prospectus) as follows: a subsidiary is a “finance subsidiary” if it has minimal assets, operations, revenue or cash flows other than those related to the issuance, administration and repayment of the security being distributed and any other securities guaranteed by its parent entity

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