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Bank Act

Version of section 522.1 from 2003-01-01 to 2008-05-18:

Marginal note:Acquisition of other investments

 A foreign bank or an entity associated with a foreign bank may acquire or hold control of, or a substantial investment in, a Canadian entity

  • (a) by way of an investment permitted by any of sections 522.11 to 522.13;

  • (b) by way of a temporary investment permitted by section 522.14;

  • (c) as a result of a default that has occurred under the terms of an agreement with respect to a loan or under any other documents governing the terms of a loan, as permitted by section 522.15; or

  • (d) through a realization of security, as permitted by section 522.15.

  • 2001, c. 9, s. 132
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