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Bank Act

Version of section 22 from 2012-12-19 to 2024-10-30:


Marginal note:Incorporation of bank

  •  (1) On the application of one or more persons made in accordance with this Act, the Minister may, subject to this Part, issue letters patent incorporating a bank, other than a federal credit union.

  • Marginal note:Incorporation of federal credit union

    (2) On the application of five or more persons, a majority of whom are natural persons, made in accordance with this Act, the Minister may, subject to this Part, issue letters patent incorporating a federal credit union.

  • 1991, c. 46, s. 22
  • 2010, c. 12, s. 1904

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