Version of section 891 from 2012-05-24 to 2012-12-13:
Marginal note:When approval not required
891 (1) Despite sections 875 and 887, the approval of the Minister is not required if
(a) the Superintendent has, by order, directed the bank holding company to increase its capital and shares of the bank holding company are issued and acquired in accordance with the terms and conditions, if any, that may be specified in the order; or
(b) a person who controls, within the meaning of paragraph 3(1)(a), the bank holding company acquires additional shares of the bank holding company.
(2) Paragraph (1)(a) does not apply in respect of a bank holding company with equity of twelve billion dollars or more.
- 2001, c. 9, s. 183
- 2007, c. 6, s. 132
- 2012, c. 5, s. 91
- Date modified: