Marginal note:Prohibition against significant interest
376.1 (1) No person who has a significant interest in any class of shares of a widely held bank with equity of twelve billion dollars or more may have a significant interest in any class of shares of a subsidiary of the widely held bank that is a bank or a bank holding company.
Marginal note:Exception — federal credit union
(2) Subsection (1) does not apply in respect of a person who has a significant interest in any class of shares of a federal credit union.
- 1991, c. 46, s. 578
- 1997, c. 15, s. 39
- 1999, c. 28, s. 19
- 2001, c. 9, s. 98
- 2007, c. 6, s. 132
- 2010, c. 12, s. 2057
- 2012, c. 5, s. 17
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