Government of Canada / Gouvernement du Canada
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Bank Act

Version of section 47 from 2012-12-19 to 2024-04-01:

Marginal note:Term of first directors

 A director named in the application for letters patent to incorporate a bank holds office until the election of directors at the meeting of shareholders called pursuant to subsection 46(1).

  • 1991, c. 46, s. 47
  • 2010, c. 12, s. 1923(F)

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