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Canada Deposit Insurance Corporation Act

Version of section 52 from 2002-12-31 to 2016-06-21:


Marginal note:Additional monetary punishment

  •  (1) Where a member institution or other person has been convicted of an offence under this Act, the court may, where it is satisfied that as a result of the commission of the offence the convicted member institution or person acquired a monetary benefit or that a monetary benefit accrued to the benefit of the member institution or person, order the convicted member institution or person to pay, notwithstanding the maximum amount of any fine that may otherwise be imposed under this Act, an additional fine in an amount equal to the court’s estimation of the amount of the monetary benefit.

  • Marginal note:Restraining or compliance order

    (2) If a member institution or other person does not comply with any provision of this Act, the by-laws or the policy of deposit insurance that applies in respect of the member institution or person, the Corporation may apply to a superior court for an order directing the member institution or person to comply with or restraining the member institution or person from acting in breach of the provision and, on the application, the court may so order and make any further order it thinks fit.

  • R.S., 1985, c. C-3, s. 52
  • R.S., 1985, c. 18 (3rd Supp.), s. 71
  • 1996, c. 6, s. 45
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