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← Historical versions

Versions of s. 212(4)

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
    A bank may,may towith the extentapproval of a court indemnify a person referred to in subsectionssubsection (1) or advance amounts to (3)them under subsection (2) — in respect of thean person,action indemnify the heirsby or personalon representativesbehalf of any person the bank mayor indemnifyother pursuantentity to subsectionsprocure a judgment in its favour to which the person is made a party because of the association referred to in subsection (1) towith the bank or other entity — against all costs, charges and expenses reasonably incurred by them in connection with that action if they fulfil the conditions set out in subsection (3).
    Full text

    A bank may with the approval of a court indemnify a person referred to in subsection (1) or advance amounts to them under subsection (2) — in respect of an action by or on behalf of the bank or other entity to procure a judgment in its favour to which the person is made a party because of the association referred to in subsection (1) with the bank or other entity — against all costs, charges and expenses reasonably incurred by them in connection with that action if they fulfil the conditions set out in subsection (3).

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

    A bank may, to the extent referred to in subsections (1) to (3) in respect of the person, indemnify the heirs or personal representatives of any person the bank may indemnify pursuant to subsections (1) to (3).