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← Historical versions

Versions of s. 212(3)

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
    NotwithstandingA anythingbank inmay thisnot section,indemnify a person referred to inunder subsection (1) is entitled to indemnity from the bank in respect of all costs, charges and expenses, including an amount paid to settle an action or satisfy a judgment, reasonably incurred by the person in connection with the defence of any civil, criminal or administrative action or proceeding to which the person is made a party by reason of being or having been a director or an officer of the bank or an entity, if the person seeking indemnityunless
    Full text

    A bank may not indemnify a person under subsection (1) unless

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

    Notwithstanding anything in this section, a person referred to in subsection (1) is entitled to indemnity from the bank in respect of all costs, charges and expenses, including an amount paid to settle an action or satisfy a judgment, reasonably incurred by the person in connection with the defence of any civil, criminal or administrative action or proceeding to which the person is made a party by reason of being or having been a director or an officer of the bank or an entity, if the person seeking indemnity