← Historical versions

Versions of s. 878(1)

B-1.01 — Bank Act · 3 versions · View current text

Historical text comes from the Justice Laws point-in-time corpus and is unofficial — not the official version.

  1. 2012-05-24 to present available View Source
    If a person is a major shareholder of a bank holding company with equity of less than eighttwelve billion dollars and the bank holding company’s equity reaches eighttwelve billion dollars or more, the person shall do all things necessary to ensure that the person is not a major shareholder of the bank holding company on the day that is three years after the day the bank holding company’s equity reached eighttwelve billion dollars.
    Full text

    If a person is a major shareholder of a bank holding company with equity of less than twelve billion dollars and the bank holding company’s equity reaches twelve billion dollars or more, the person shall do all things necessary to ensure that the person is not a major shareholder of the bank holding company on the day that is three years after the day the bank holding company’s equity reached twelve billion dollars.

  2. 2007-04-20 to 2012-05-24 View Source
    If a person is a major shareholder of a bank holding company with equity of less than fiveeight billion dollars and the bank holding company’s equity reaches fiveeight billion dollars or more, the person shall do all things necessary to ensure that the person is not a major shareholder of the bank holding company on the day that is three years after the day the bank holding company’s equity reached fiveeight billion dollars.
    Full text

    If a person is a major shareholder of a bank holding company with equity of less than eight billion dollars and the bank holding company’s equity reaches eight billion dollars or more, the person shall do all things necessary to ensure that the person is not a major shareholder of the bank holding company on the day that is three years after the day the bank holding company’s equity reached eight billion dollars.

  3. 2003-01-01 to 2007-04-20 View Source

    If a person is a major shareholder of a bank holding company with equity of less than five billion dollars and the bank holding company’s equity reaches five billion dollars or more, the person shall do all things necessary to ensure that the person is not a major shareholder of the bank holding company on the day that is three years after the day the bank holding company’s equity reached five billion dollars.