“(9) Certain corporations do not have cause of action for...

“(9) Certain corporations do not have cause of action for defamation

1. A corporation has no cause of action for defamation in relation to the publication of defamatory matter about the corporation unless it was an excluded corporation at the time of the publication.
2. A corporation is an excluded corporation if:
   1. ...
   2. it employs few than 10 persons and is not related to another corporation,

and the corporation is not a public body.

1. In counting employees for the purposes of sub-section (2)(b), part-time employees are to be taken into account as an appropriate fraction of a full-time equivalent.”