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Bank Act

Version of section 2.3 from 2012-12-19 to 2022-09-22:


Marginal note:Widely held

 For the purposes of this Act, an entity is widely held if it is

  • (a) a body corporate that has no major shareholder;

  • (a.1) a federal credit union;

  • (b) an insurance company incorporated or formed under a mutual plan;

  • (c) an association to which the Cooperative Credit Associations Act applies; or

  • (d) a cooperative credit society incorporated or formed, and regulated, by or under an Act of the legislature of a province.

  • 2001, c. 9, s. 36
  • 2010, c. 12, s. 1895
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