Government of Canada / Gouvernement du Canada
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Bank Act

Version of section 532 from 2003-01-01 to 2007-04-19:

Marginal note:Directing change of name

  •  (1) If through inadvertence or otherwise an order made under subsection 524(1) or 528(1) provides for the use of a name that is prohibited by section 530, the Superintendent may, by order, direct the authorized foreign bank to change the name without delay and the authorized foreign bank shall comply with that direction.

  • Marginal note:Revoking name

    (2) Where an authorized foreign bank does not comply with a direction under subsection (1) within sixty days after the service of the direction, the Superintendent may revoke the name and assign another name and, until changed in accordance with section 528, that other name is the name of the authorized foreign bank.

  • 1991, c. 46, s. 532
  • 1996, c. 6, s. 11
  • 1999, c. 28, s. 35

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