Marginal note:Deemed by-laws
(a) immediately prior to the day this section comes into force, was provided for in the incorporating instrument of a bank that was in existence immediately prior to that day, or
(b) immediately prior to the day a body corporate is continued as a bank other than a federal credit union, was provided for in the incorporating instrument of the body corporate,
and that, under this Act, would be provided for in the by-laws of a bank, is deemed to be provided for in the by-laws of the bank.
Marginal note:By-law prevails
(2) Where a by-law of the bank made in accordance with sections 188 and 189 amends or repeals any matter referred to in subsection (1), the by-law prevails.
- 1991, c. 46, s. 192
- 2010, c. 12, s. 1985
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