Versions of s. 39.2
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If a bank applies for a certificate or letters patent referred to in section 39.1 in accordance with that section and the certificate is given or the letters patent are issued, this Act ceases to apply to the bank as of the day the certificate or the letters patent take effect. -
AIf a bankmay applyapplies for a certificate or letters patentcontinuingreferred to in section 39.1 in accordance with that section and the certificate is given or the letters patent are issued, this Act ceases to apply to the bank asa company under subsection 33(1)of theTrustdayandtheLoan Companies Actcertificate oramalgamating and continuingthebanklettersaspatentatakecompany under section 228 and subsection 234(1) of that Act.effect.Full text
If a bank applies for a certificate or letters patent referred to in section 39.1 in accordance with that section and the certificate is given or the letters patent are issued, this Act ceases to apply to the bank as of the day the certificate or the letters patent take effect.
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A bank may apply for letters patent continuing the bank as a company under subsection 33(1) of the Trust and Loan Companies Act or amalgamating and continuing the bank as a company under section 228 and subsection 234(1) of that Act.