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← Historical versions

Versions of s. 401.3(2)

B-1.01 — Bank Act · 3 versions · View current text

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

  1. 2012-12-19 to present available View Source
    SubsectionDespite (1)subsection does not apply to79.2(2), a foreign bank, or to a foreign institution, that is controlled by the governmentmember of a foreignfederal countrycredit orunion anymust politicalnot, subdivisionin of a foreign country,person or by anydelegate, agentvote oras agencya member of athe foreignfederal government,credit union if the sharemember referred to in subsection (1) is beneficially owned by the foreign bankis, or foreign institution or byis an entity controlled by the foreign bank or foreign institution.by,
    Full text

    Despite subsection 79.2(2), a member of a federal credit union must not, in person or by delegate, vote as a member of the federal credit union if the member is, or is an entity controlled by,

  2. 2012-05-24 to 2012-12-19 View Source
    Subsection (1) does not apply to a foreign bank, or to a foreign institution, that is controlled by the government of a foreign country or any political subdivision of a foreign countrycountry, or by any agent or agency of a foreign countrygovernment, andif thatthe hasshare areferred significant interestto in asubsection class(1) ofis sharesbeneficially ofowned aby the foreign bank thator isforeign ainstitution subsidiaryor ofby an entity controlled by the foreign bank or foreign institution.
    Full text

    Subsection (1) does not apply to a foreign bank, or to a foreign institution, that is controlled by the government of a foreign country or any political subdivision of a foreign country, or by any agent or agency of a foreign government, if the share referred to in subsection (1) is beneficially owned by the foreign bank or foreign institution or by an entity controlled by the foreign bank or foreign institution.

  3. 2003-01-01 to 2012-05-24 View Source

    Subsection (1) does not apply to a foreign bank, or to a foreign institution, that is controlled by the government of a foreign country or any political subdivision of a foreign country or any agent or agency of a foreign country and that has a significant interest in a class of shares of a bank that is a subsidiary of the foreign bank or foreign institution.