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← Historical versions

Versions of s. 212(1)

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. 2006-04-27 to present available View Source
    ExceptA bank may indemnify a director or officer of the bank, a former director or officer of the bank or another person who acts or acted, at the bank’s request, as a director or officer of or in a similar capacity for another entity against all costs, charges and expenses, including an amount paid to settle an action or satisfy a judgment, reasonably incurred by them in respect of anany actioncivil, bycriminal, administrative, investigative or onother behalfproceeding in which they are involved because of that association with the bank toor procureother a judgment in its favour, a bank may indemnifyentity.
    Full text

    A bank may indemnify a director or officer of the bank, a former director or officer of the bank or another person who acts or acted, at the bank’s request, as a director or officer of or in a similar capacity for another entity against all costs, charges and expenses, including an amount paid to settle an action or satisfy a judgment, reasonably incurred by them in respect of any civil, criminal, administrative, investigative or other proceeding in which they are involved because of that association with the bank or other entity.

  2. 2003-01-01 to 2006-04-27 View Source

    Except in respect of an action by or on behalf of the bank to procure a judgment in its favour, a bank may indemnify