Canada Deposit Insurance Corporation Act
Version of section 12 from 2024-04-30 to 2024-11-26:
Marginal note:Duty to insure
12 The Corporation shall insure each deposit with a member institution except
(a) a deposit that is not payable in Canada;
(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 one hundred thousand dollars.
- R.S., 1985, c. C-3, s. 12
- 2005, c. 30, s. 101
- 2018, c. 12, s. 203
- 2020, c. 5, s. 12
- 2023, c. 26, s. 626
- Date modified: