Hyperlawhypertext legal database Bank Act

← Historical versions

Versions of s. 88(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. 2006-11-28 to present available View Source
    WhereIf any of the issued shares of a distributing bank are or were part of a distribution to the public and remain outstanding and are held by more than one person, the bank shallmay not have a restriction onrestrict the issue, transfer or ownership of its shares of any class or series except by way of a constraint under Part VII.
    Full text

    If any of the issued shares of a distributing bank remain outstanding and are held by more than one person, the bank may not restrict the transfer or ownership of its shares except by way of a constraint under Part VII.

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

    Where any of the issued shares of a bank are or were part of a distribution to the public and remain outstanding and are held by more than one person, the bank shall not have a restriction on the issue, transfer or ownership of its shares of any class or series except by way of a constraint under Part VII.