Marginal note:Bank records
238 (1) A bank shall prepare and maintain records containing
(a) its incorporating instrument and the by-laws of the bank and all amendments thereto;
(b) minutes of meetings and resolutions of shareholders;
(c) the information referred to in paragraphs 632(1)(a), (c) and (e) to (h) contained in all returns provided to the Superintendent pursuant to section 632;
(d) particulars of any authorizations, conditions and limitations established by the Superintendent pursuant to section 53 or subsection 54(1) that are from time to time applicable to the bank;
(e) particulars of exceptions granted under section 39, 55 or 231 that are from time to time applicable to the bank; and
(f) particulars from Schedule I or II that are applicable to the bank as they are from time to time amended and published in the Canada Gazette.
Marginal note:Additional records
(2) In addition to the records described in subsection (1), a bank shall prepare and maintain adequate
(a) corporate accounting records;
(b) records containing minutes of meetings and resolutions of the directors and any committee thereof; and
(c) records showing, for each customer of the bank, on a daily basis, particulars of the transactions between the bank and that customer and the balance owing to or by the bank in respect of that customer.
Marginal note:Continued banks
(3) For the purposes of paragraph (1)(b) and subsection (2),
(a) in the case of a body corporate continued as a bank under this Act, records includes similar records required by law to be maintained by the body corporate before it was so continued; and
(b) in the case of a body corporate amalgamated and continued as a bank under this Act, records includes similar records required by law to be maintained by the body corporate before it was so amalgamated.
- 1991, c. 46, s. 238
- 1997, c. 15, s. 29(E)
- 1999, c. 28, s. 16
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