Government of Canada / Gouvernement du Canada
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Bank Act

Version of section 967 from 2012-12-19 to 2020-10-05:

Marginal note:Presumption of receipt

  •  (1) A notice or document sent by mail in accordance with section 965 to a shareholder, member or director is deemed to be received by that person at the time it would be delivered in the ordinary course of mail unless there are reasonable grounds for believing that that person did not receive the notice or document at that time or at all.

  • Marginal note:Undelivered notices

    (2) If a bank or bank holding company sends a notice or document to a shareholder or member in accordance with section 965 and it is returned on two consecutive occasions because the shareholder or member cannot be found, the bank or bank holding company is not required to send any further notices or documents to the shareholder or member until it is informed in writing of their new address.

  • 2001, c. 9, s. 183
  • 2005, c. 54, s. 133
  • 2010, c. 12, s. 2086
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