Canadian Payments Act (R.S.C., 1985, c. C-21)

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Act current to 2019-06-20 and last amended on 2017-12-31. Previous Versions


  • — 2018, c. 12, s. 238

    • 238 Section 32 of the Canadian Payments Act is replaced by the following:

      • Insolvency
        • 32 (1) No law relating to the insolvency of any body corporate, except Part I.1 of the Payment Clearing and Settlement Act, applies to the Association.

        • Winding-up

          (2) No law relating to the winding-up of any body corporate applies to the Association and in no case shall its affairs be wound up unless Parliament so provides.

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