Section 171. Application of Subdivision 10
Unless provided otherwise in this Act, this Subdivision shall be applicable to an offer made to the public, including an offer made to any section of the public however selected, with regards to—
an offer or invitation in respect of shares or debentures made by an unlisted recreational club; and
an offer or invitation to deposit money with or lend money to a corporation as specified under section 158.
This Subdivision shall not apply to an offer or invitation to subscribe for or purchase any securities of a corporation, including any excluded offer or excluded invitation as provided for in the Capital Markets and Services Act 2007.
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