Marginal note:Constraint on registration
379 No bank shall, unless the acquisition of the share has been approved by the Minister, record in its securities register a transfer or issue of any share of the bank to any person or to any entity controlled by a person if
(a) the transfer or issue of the share would cause the person to have a significant interest in any class of shares of the bank; or
(b) where the person has a significant interest in a class of shares of the bank, the transfer or issue of the share would increase the significant interest of the person in that class of shares.
- 1991, c. 46, s. 379
- 1997, c. 15, s. 40
- 2001, c. 9, s. 98
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