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Bank Act

Version of section 793 from 2006-11-28 to 2020-05-17:


Marginal note:Court may set aside or require accounting

 If a director or officer of a bank holding company fails to comply with any of sections 789 to 792, a court, on application of the bank holding company or any of its shareholders, may set aside the contract or transaction on any terms that the court thinks fit and may require the director or officer to account to the bank holding company for any profit or gain realized on it.

  • 2001, c. 9, s. 183
  • 2005, c. 54, s. 112
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