Canada Deposit Insurance Corporation Act

Marginal note:Acceptance, etc., of offer

• 39.28 (1) An offeree is entitled to receive the offered compensation from the Corporation if the offeree, within thirty days after the date of the notice under subsection 39.24(1),

  • (a) notifies the Corporation of his or her acceptance of the offer;

  • (b) does not notify the Corporation of his or her acceptance of or objection to the offer; or

  • (c) notifies the Corporation of his or her objection to the offer but there are no dissenting offerees in respect of the offer.

• Marginal note:Acceptance, etc., of offer

  (2) A federal member institution is entitled to receive the offered compensation from the Corporation if the federal member institution, within ninety days after the date of the notice under subsection 39.24(2), notifies the Corporation of its acceptance of the offer.