RELATED PROVISIONS

• — 1992, c. 26, s. 14

  • Existing security interests

    14. Paragraphs 39.15(1)(b) to (d) and subsection 39.15(2) of the said Act do not apply in respect of a remedy under, or a stipulation of, a security agreement creating a security interest in property of a federal member institution if the security interest

    • (a) was created before the later of

      • (i) the coming into force of subsection 419(1) of the Trust and Loan Companies Act, in the case of a federal member institution that is a company to which that Act applies, or of subsection 419(1) of the Bank Act, chapter 46 of the Statutes of Canada, 1991, in the case of a federal member institution that is a bank, and

      • (ii) the coming into force of section 11 of this Act; and

    • (b) is exempted by the Superintendent from the application of those paragraphs and that subsection.

• — 1996, c. 6, s. 45.1(2)

  • •  (2) Subsection (1) applies only in respect of deposit moneys received by an institution after that subsection comes into force.

• — 2007, c. 29, s. 118

  • Canada Deposit Insurance Corporation Act

    118. The amendment to the Canada Deposit Insurance Corporation Act made by section 103 of this Act applies only to a federal member institution in respect of which an order under subsection 39.13(1) of that Act is made on or after the day on which the amendment comes into force.