Bank Act

Marginal note:Ceasing to hold office

• 318 (1) An auditor of a bank ceases to hold office when

  • (a) the auditor resigns; or

  • (b) the appointment of the auditor is revoked by the shareholders or the Superintendent.

• Marginal note:Effective date of resignation

  (2) The resignation of an auditor becomes effective at the time a written resignation is sent to the bank or at the time specified in the resignation, whichever is later.