Hyperlawhypertext legal database Bank Act

← Historical versions

Versions of s. 159(2)

B-1.01 — Bank Act · 2 versions · View current text

Historical text comes from the Justice Laws point-in-time corpus and is unofficial — not the official version.

  1. 2007-04-20 to present available View Source
    At least one half of the directors of a bank that is a subsidiary of a foreign bank and ata least two thirdsmajority of the directors of any other bank must be, at the time of each director’s election or appointment, resident Canadians.
    Full text

    At least one half of the directors of a bank that is a subsidiary of a foreign bank and a majority of the directors of any other bank must be, at the time of each director’s election or appointment, resident Canadians.

  2. 2003-01-01 to 2007-04-20 View Source

    At least one half of the directors of a bank that is a subsidiary of a foreign bank and at least two thirds of the directors of any other bank must be, at the time of each director’s election or appointment, resident Canadians.