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 a majority 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
- 2007, c. 6, s. 114
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