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Bank Act

Version of section 54 from 2012-12-19 to 2020-03-05:


Marginal note:Variations

  •  (1) In respect of the order approving the commencement and carrying on of business by a bank, the Superintendent may at any time, by further order,

    • (a) make the order subject to such conditions or limitations that are consistent with this Act and that relate to the business of the bank as the Superintendent deems expedient and necessary, or

    • (b) amend or revoke any authorization contained in the order or any condition or limitation to which the order is subject, other than the condition deemed to be in the order by subsection 53(2),

    but before making any such further order the Superintendent shall provide the bank with an opportunity to make representations regarding that further order.

  • (2) to (6) [Repealed, 1996, c. 6, s. 4]

  • 1991, c. 46, s. 54
  • 1996, c. 6, s. 4
  • 2010, c. 12, s. 1928
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