I-13.2.2 - Deposit Institutions and Deposit Protection Act

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28.80. An authorized deposit institution must notify the Authority of the name and address of whoever has become or intends to become the holder of its control within 10 days from the time it becomes aware of either situation.
If the authorized deposit institution is a business corporation, it must also, within the same time, send such a notice to the Authority regarding whoever has become or intends to become the holder of a significant interest in its decisions.
The deposit institution must, within the same time, notify the Authority whenever the holder of control or of a significant interest ceases to be so.
2018, c. 232018, c. 23, s. 353.