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Bank Act

Version of section 541 from 2022-06-30 to 2024-02-06:


Marginal note:Application of certain provisions

  •  (1) The provisions of this Act that apply in respect of an authorized foreign bank apply in respect of an authorized foreign bank that is subject to the restrictions and requirements referred to in subsection 524(2), with any modifications that may be required to take into account those restrictions and requirements.

  • Marginal note:Non-application of certain provisions

    (2) The following provisions do not apply in respect of an authorized foreign bank that is subject to the restrictions and requirements referred to in subsection 524(2):

    • (a) sections 545 and 546; and

    • (b) sections 627.68 to 627.72 and 627.85.

  • 1991, c. 46, s. 541
  • 1996, c. 6, s. 16
  • 1999, c. 28, s. 35
  • 2018, c. 27, s. 324

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