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Versions of s. 272(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. 2006-11-28 to present available View Source
    AnThe insidercourt who,may assess damages under subsection 271(6) or 271.1(1) in connectionaccord­ance with aany transactionmeasure of damages that it considers relevant in the circumstances. However, in assessing damages in respect of a security of thea bankdistributing or any of its affiliates, makes use of any specific confidential information forbank, the insider’scourt ownshall benefit or advantage that, if generally known, might reasonably be expected to affect materiallyconsider the value of the securityfollowing:
    Full text

    The court may assess damages under subsection 271(6) or 271.1(1) in accord­ance with any measure of damages that it considers relevant in the circumstances. However, in assessing damages in respect of a security of a distributing bank, the court shall consider the following:

  2. 2003-01-01 to 2006-11-28 View Source

    An insider who, in connection with a transaction in a security of the bank or any of its affiliates, makes use of any specific confidential information for the insider’s own benefit or advantage that, if generally known, might reasonably be expected to affect materially the value of the security