Marginal note:Acquisition of other investments
522.1 A foreign bank or an entity associated with a foreign bank may acquire or hold control of, or a substantial investment in, a Canadian entity
(a) by way of an investment permitted by any of sections 522.11 to 522.13;
(b) by way of a temporary investment permitted by section 522.14;
(c) as a result of a default that has occurred under the terms of an agreement with respect to a loan or under any other documents governing the terms of a loan, as permitted by section 522.15;
(d) through a realization of security, as permitted by section 522.15; or
(e) if it does so in accordance with regulations made under paragraph 522.23(a) concerning specialized financing.
- 2001, c. 9, s. 132
- 2007, c. 6, s. 61
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