Meetings and Proposals (Banks and Bank Holding Companies) Regulations

Version of section 5 from 2006-11-28 to 2012-12-18:


 (1) For the purposes of subsections 143(1.4) and 732(1.4) of the Act,

  • (a) the bank or the bank holding company may request, within 14 days after it receives the person’s proposal, that the person provide the proof that they meet the requirements; and

  • (b) the person shall provide the proof that they meet the requirements within 21 days after receiving the bank’s or the bank holding company’s request.

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