Marginal note:French or English form of name
42 (1) The name of a bank may be set out in its letters patent in an English form, a French form, an English form and a French form or in a combined English and French form, and the bank may use and be legally designated by any such form.
Marginal note:Alternate name
(2) A bank may identify itself outside Canada by its name in any language and the bank may use and be legally designated by any such form of its name outside Canada.
Marginal note:Other name
(3) Subject to subsection (4) and section 255, a bank may carry on business under or identify itself by a name other than its corporate name.
(4) Where a bank is carrying on business under or identifying itself by a name other than its corporate name, the Superintendent may, by order, direct the bank not to use that other name if the Superintendent is of the opinion that that other name is a name referred to in any of paragraphs 40(a) to (e).
- 1991, c. 46, s. 42
- 1996, c. 6, s. 2
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