Marginal note:Ceasing to hold office
318 (1) An auditor of a bank ceases to hold office when
(a) the auditor resigns; or
(b) the appointment of the auditor is revoked by the Superintendent or by the shareholders or, if the bank is a federal credit union, by the members.
Marginal note:Effective date of resignation
(2) The resignation of an auditor becomes effective at the time a written resignation is sent to the bank or at the time specified in the resignation, whichever is later.
- 1991, c. 46, s. 318
- 2010, c. 12, s. 2025
- Date modified: