Marginal note:Contents of letters patent
28 (1) There shall be set out in the letters patent incorporating a bank
(a) the name of the bank;
(a.1) in the case of a bank that is to be a federal credit union, a statement that it is a federal credit union;
(b) the province in which the head office of the bank is to be situated; and
(c) the date that the bank came, or is to come, into existence.
Marginal note:Provisions in letters patent
(2) The Minister may set out in the letters patent incorporating a bank any provision not contrary to this Act that the Minister considers advisable in order to take into account the particular circumstances of the proposed bank.
Marginal note:Terms and conditions
(3) The Minister may impose such terms and conditions in respect of the issuance of letters patent incorporating a bank as the Minister considers necessary or appropriate.
- 1991, c. 46, s. 28
- 2005, c. 54, s. 7
- 2010, c. 12, s. 1906
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