Government of Canada / Gouvernement du Canada
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Bank Act

Version of section 689 from 2003-01-01 to 2007-04-19:

Marginal note:Transferring to other Acts

  •  (1) A bank holding company may, with the approval in writing of the Minister, apply to be continued as a body corporate under any other Act of Parliament or any Act of the legislature of a province.

  • Marginal note:Conditions for approval

    (2) No approval referred to in subsection (1) may be given to a bank holding company unless the Minister is satisfied that the application of the bank holding company has been authorized by a special resolution.

  • 2001, c. 9, s. 183

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