Government of Canada / Gouvernement du Canada
Symbol of the Government of Canada


Bank Act

Version of section 380 from 2012-05-24 to 2012-12-18:

Marginal note:Exemption

 On application by a bank, other than a bank with equity of twelve billion dollars or more, the Superintendent may exempt any class of non-voting shares of the bank the aggregate book value of which is not more than 30 per cent of the aggregate book value of all the outstanding shares of the bank from the application of sections 373 and 379.

  • 1991, c. 46, s. 380
  • 2001, c. 9, s. 98
  • 2007, c. 6, s. 132
  • 2012, c. 5, s. 22

Date modified: