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Canada Deposit Insurance Corporation Act

Version of section 12 from 2002-12-31 to 2005-06-28:


Marginal note:Duty to insure

 The Corporation shall insure each deposit with a member institution except

  • (a) a deposit that is not payable in Canada or in Canadian currency;

  • (b) a deposit in respect of which Her Majesty in right of Canada would be a preferred claimant; and

  • (c) so much of any one deposit as exceeds sixty thousand dollars.

  • R.S., c. C-3, s. 13
  • 1980-81-82-83, c. 148, s. 3
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