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.