Hyperlawhypertext legal database Bank Act

← Historical versions

Versions of s. 66(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. 2012-12-19 to present available View Source
    On the issuance of a share or membership share, a bank shallmust not add to the appropriate stated capital account in respect of the share an amount greater than the amount of the consideration it receives for the share or membership share.
    Full text

    On the issuance of a share or membership share, a bank must not add to the appropriate stated capital account an amount greater than the amount of the consideration it receives for the share or membership share.

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

    On the issuance of a share, a bank shall not add to the stated capital account in respect of the share an amount greater than the amount of the consideration it receives for the share.