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Versions of s. 401.3(3)

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
    SubsectionSubsections (1) doesand (2) do not apply into respecta foreign bank, or to a foreign institution, that is controlled by the government of thea exerciseforeign country or any political subdivision of votinga rightsforeign attachedcountry, toor by any agent or agency of a foreign government, if the share referred to in subsection 401.2(3).(1), or, in the case of a federal credit union, a membership share, is beneficially owned by the foreign bank or foreign institution or by an entity controlled by the foreign bank or foreign institution.
    Full text

    Subsections (1) and (2) do 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), or, in the case of a federal credit union, a membership share, is beneficially owned by the foreign bank or foreign institution or by an entity controlled by the foreign bank or foreign institution.

  2. 2012-06-29 to 2012-12-19 View Source

    Subsection (1) does not apply in respect of the exercise of voting rights attached to any share referred to in subsection 401.2(3).