Version of section 318 from 2003-01-01 to 2012-12-18:
Marginal note:Ceasing to hold office
318 (1) An auditor of a bank ceases to hold office when
(a) the auditor resigns; or
(b) the appointment of the auditor is revoked by the shareholders or the Superintendent.
Marginal note:Effective date of resignation
(2) The resignation of an auditor becomes effective at the time a written resignation is sent to the bank or at the time specified in the resignation, whichever is later.
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