Canada Deposit Insurance Corporation Act
Marginal note:Stay of proceedings — bridge institution
39.151 (1) Any action or other civil proceeding before a judicial or quasi-judicial body and any arbitration, to which a bridge institution may become a party by virtue of acquiring an asset or assuming a liability of the federal member institution shall be stayed for a period of 90 days from the day on which the bridge institution acquires the asset or assumes the liability.
(2) The bridge institution may waive the stay referred to in subsection (1).
- 1992, c. 26, s. 11
- 1996, c. 6, s. 41
- 2009, c. 2, s. 246
- 2012, c. 5, s. 199
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