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Bank Act

Version of section 439.1 from 2003-01-01 to 2022-06-29:

Marginal note:Definitions

 The following definitions apply in this section and in sections 445 to 448.2, 458.1, 459.2 and 459.4.

low-fee retail deposit account

low-fee retail deposit account means a retail deposit account that has the prescribed characteristics. (compte de dépôt de détail à frais modiques)

member bank

member bank means a bank that is a member institution as defined in section 2 of the Canada Deposit Insurance Corporation Act. (banque membre)

personal deposit account

personal deposit account means a deposit account in the name of one or more natural persons that is kept by that person or those persons for a purpose other than that of carrying on business. (compte de dépôt personnel)

retail deposit account

retail deposit account means a personal deposit account that is opened with a deposit of less than $150,000 or any greater amount that may be prescribed. (compte de dépôt de détail)

  • 2001, c. 9, s. 113

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