Canada Deposit Insurance Corporation Act
Marginal note:Terms and conditions of transactions
39.201 (1) If the Corporation as receiver for a federal member institution carries out a transaction with a bridge institution, the Corporation shall establish the terms and conditions of the transaction, including
Marginal note:Reasonable consideration
(2) The consideration referred to in paragraph (1)(a) shall be reasonable in the circumstances.
(3) Nothing in subsections (1) and (2) prevents the federal member institution from seeking compensation under subsections 39.24(2) and (3) and sections 39.25 to 39.361.
- 2009, c. 2, s. 248
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