Government of Canada / Gouvernement du Canada
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Bank Act

Version of section 235 from 2012-12-19 to 2024-05-28:

Marginal note:Abandoning sale

 If a special resolution approving a sale under subsection 234(4) so states, the directors of a selling bank may, subject to the rights of third parties, abandon the sale without further approval of the shareholders or the members and shareholders, as the case may be.

  • 1991, c. 46, s. 235
  • 2010, c. 12, s. 2006

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