Bank Act

Marginal note:Contents of letters patent

• 676 (1) There shall be set out in the letters patent incorporating a bank holding company

  • (a) the name of the bank holding company;

  • (b) the place in Canada where the head office of the bank holding company is to be situated; and

  • (c) the date that the bank holding company came, or is to come, into existence.

• Marginal note:Provisions in letters patent

  (2) The Minister may set out in the letters patent incorporating a bank holding company any provision not contrary to this Act that the Minister considers advisable in order to take into account the particular circumstances of the proposed bank holding company.

• Marginal note:Terms and conditions

  (3) The Minister may impose such terms and conditions in respect of the issuance of letters patent incorporating a bank holding company as the Minister considers necessary or appropriate.