Canada Deposit Insurance Corporation Act
Version of section 39.201 from 2018-03-26 to 2024-10-30:
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
(a) which assets the bridge institution shall acquire and the consideration to be paid for the assets acquired; and
(b) which liabilities the bridge institution shall assume and the consideration to be paid for the liabilities assumed.
Marginal note:Reasonable consideration
(2) The consideration referred to in paragraph (1)(a) shall be reasonable in the circumstances.
(3) [Repealed, 2016, c. 7, s. 140]
- 2009, c. 2, s. 248
- 2016, c. 7, s. 140
- Date modified: