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Bank Act

Version of section 377 from 2007-04-20 to 2012-05-23:


Marginal note:Prohibition against control

  •  (1) No person shall control, within the meaning of paragraph 3(1)(d), a bank with equity of eight billion dollars or more.

  • Marginal note:Exception

    (2) Subsection (1) does not apply if any of subsections 374(2) to (6) applies to the person in respect of the bank.

  • 1991, c. 46, s. 377
  • 2001, c. 9, s. 98
  • 2007, c. 6, s. 132

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