11A pension fund shall be administered by means of one or any combination of the following:
(a)
an insurance company under a contract of insurance;
(b)
a trust in Canada governed by a written trust agreement under which the trustees are constituted from
(i)
a trust company registered under the Trust Companies Act (Canada) or the Trust, Building and Loan Companies Licensing Act,
(ii)
three or more individuals, at least three of whom reside in Canada and at least one of whom is not
(A)
a person connected to more than ten per cent of the issued shares of an employer contributing to the pension fund or of an affiliate of such an employer, or
(B)
a partner in or a proprietor, director, officer or employee of an employer contributing to the pension fund or an affiliate of such an employer, or
(iii)
a corporate pension society established under the Pension Fund Societies Act (Canada) or the Pension Fund Societies Act;
(c)
a person, board, agency, commission or other body made responsible under an Act of the Legislature for the administration of the pension fund; or
11A pension fund shall be administered by means of one or any combination of the following:
(a)
an insurance company under a contract of insurance;
(b)
a trust in Canada governed by a written trust agreement under which the trustees are constituted from
(i)
a trust company registered under the Trust Companies Act (Canada) or the Trust, Building and Loan Companies Licensing Act,
(ii)
three or more individuals, at least three of whom reside in Canada and at least one of whom is not
(A)
a person connected to more than ten per cent of the issued shares of an employer contributing to the pension fund or of an affiliate of such an employer, or
(B)
a partner in or a proprietor, director, officer or employee of an employer contributing to the pension fund or an affiliate of such an employer, or
(iii)
a corporate pension society established under the Pension Fund Societies Act (Canada) or the Pension Fund Societies Act;
(c)
a person, board, agency, commission or other body made responsible under an Act of the Legislature for the administration of the pension fund; or
11A pension fund shall be administered by means of one or any combination of the following:
(a)
an insurance company under a contract of insurance;
(b)
a trust in Canada governed by a written trust agreement under which the trustees are constituted from
(i)
a trust company registered under the Trust Companies Act (Canada) or the Trust, Building and Loan Companies Licensing Act,
(ii)
three or more individuals, at least three of whom reside in Canada and at least one of whom is not
(A)
a person connected to more than ten per cent of the issued shares of an employer contributing to the pension fund or of an affiliate of such an employer, or
(B)
a partner in or a proprietor, director, officer or employee of an employer contributing to the pension fund or an affiliate of such an employer, or
(iii)
a corporate pension society established under the Pension Fund Societies Act (Canada) or the Pension Fund Societies Act;
(c)
a person, board, agency, commission or other body made responsible under an Act of the Legislature for the administration of the pension fund; or