Marginal note:Minimum number of directors
749 (1) A bank holding company shall have at least seven directors.
Marginal note:Residency requirement
(2) At least one half of the directors of a bank holding company that is a subsidiary of a foreign bank and at least two-thirds of the directors of any other bank holding company must be, at the time of each director’s election or appointment, resident Canadians.
- 2001, c. 9, s. 183
- Date modified: