Canada Deposit Insurance Corporation Act

Version of section 7 from 2002-12-31 to 2005-08-31:

Marginal note:Objects

 The objects of the Corporation are

  • (a) to provide insurance against the loss of part or all of deposits;

  • (b) to be instrumental in the promotion of standards of sound business and financial practices for member institutions and to promote and otherwise contribute to the stability of the financial system in Canada; and

  • (c) to pursue the objects set out in paragraphs (a) and (b) for the benefit of persons having deposits with member institutions and in such manner as will minimize the exposure of the Corporation to loss.

  • R.S., 1985, c. C-3, s. 7;
  • R.S., 1985, c. 18 (3rd Supp.), s. 49;
  • 1996, c. 6, s. 22.