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Versions of s. 175(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. 2012-12-19 to present available View Source
    NoA bankfederal orcredit personunion actingmust, without delay on its behalf incurs any liability by reason onlyreceipt of circulating a director’s statement referred to in compliance with subsection (1).174(1) relating to a matter referred to in paragraph 174(1)(b) or (c), or a director’s statement referred to in subsection 174(2), send a copy of it to the Superintendent, to each member and, if the director was elected by the holders of shares of a class, to those shareholders.
    Full text

    A federal credit union must, without delay on receipt of a director’s statement referred to in subsection 174(1) relating to a matter referred to in paragraph 174(1)(b) or (c), or a director’s statement referred to in subsection 174(2), send a copy of it to the Superintendent, to each member and, if the director was elected by the holders of shares of a class, to those shareholders.

  2. 2003-01-01 to 2012-12-19 View Source

    No bank or person acting on its behalf incurs any liability by reason only of circulating a director’s statement in compliance with subsection (1).