Reg 5.3B.04 - Transactions or dealings in the ordinary course of business

             (1)  For the purposes of subsection 453L(4) of the Act, this regulation prescribes the circumstances in which entering into a transaction or dealing by a company is to not be treated as in the ordinary course of the company’s business.

             (2)  The circumstances are as follows:

                     (a)  the transaction or dealing is for the purposes of satisfying an admissible debt or claim;

                     (b)  the transaction or dealing relates to the transfer or sale of the whole or a part of the business;

                     (c)  the transaction or dealing relates to the payment of a dividend.