Hyperlawhypertext legal database Bank Act

← Historical versions

Versions of s. 944(6)

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. 2007-04-20 to present available View Source
    For the purposes of subsection (1), the total value of all assets that the bank holding company or any of its subsidiaries has transferred during the 12-month period of twelve months referred to in subsection (1) is the booktotal of the value of theeach of those assets as statedreported in the last annual statement of the bank holding company prepared before the transfer,transfer orof the asset or, if the assetsvalue areof sharesany of,of or ownership interests in, an entity thethose assets ofis whichnot werereported includedin that annual statement, as it would be reported in the last annual statement of the bank holding company if the annual statement had been prepared, in accordance with the accounting principles referred to in subsection 840(4), immediately before the transfer, the valuetransfer of the assets of the entity as stated in the annual statement.asset.
    Full text

    For the purposes of subsection (1), the total value of all assets that the bank holding company or any of its subsidiaries has transferred during the 12-month period referred to in subsection (1) is the total of the value of each of those assets as reported in the last annual statement of the bank holding company prepared before the transfer of the asset or, if the value of any of those assets is not reported in that annual statement, as it would be reported in the annual statement of the bank holding company if the annual statement had been prepared, in accordance with the accounting principles referred to in subsection 840(4), immediately before the transfer of the asset.

  2. 2003-01-01 to 2007-04-20 View Source

    For the purposes of subsection (1), the total value of all assets that the bank holding company or any of its subsidiaries has transferred during the period of twelve months referred to in subsection (1) is the book value of the assets as stated in the last annual statement of the bank holding company prepared before the transfer, or if the assets are shares of, or ownership interests in, an entity the assets of which were included in the last annual statement of the bank holding company before the transfer, the value of the assets of the entity as stated in the annual statement.