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Bank Act

Version of section 528 from 2006-04-27 to 2007-04-19:


Marginal note:Amended order

  •  (1) On application by an authorized foreign bank, the Minister may, by further order,

    • (a) change the name under which it is permitted to carry on business in Canada or the province in which its principal office is to be situated as that name or province is set out in the order made under subsection 524(1) or in any other order made under this section;

    • (b) add any provision referred to in subsection 527(2) or any term or condition referred to in subsection 527(3) or change or remove any of those provisions, terms or conditions that are included in the order made under subsection 524(1) or in any other order made under this section; or

    • (c) add or remove the restrictions and requirements referred to in subsection 524(2).

  • Marginal note:Notice of intention

    (2) Before making an application under subsection (1), the authorized foreign bank must publish a notice of intention to make the application at least once a week for a period of four consecutive weeks in the Canada Gazette and in a newspaper of general circulation at or near the place where its principal office is situated.

  • 1991, c. 46, s. 528
  • 1999, c. 28, s. 35
  • 2005, c. 54, s. 80
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