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I-13.2.2 - Deposit Institutions and Deposit Protection Act

Section 30
Disposition versions

Full text
30. For the purposes of subparagraph 5 of the first paragraph of section 29, an acquisition or transfer is deemed not to have a significant effect on a deposit institution if the resulting variation in the value of its assets does not exceed 5%.
The variation in the value of the deposit institution’s assets is established in relation to the value of those assets at the end of the fiscal year preceding the acquisition or transfer.
1966-67, c. 73, s. 30; 1983, c. 10, s. 5; 2018, c. 23, s. 353.
30. Every permit remains in force unless it is suspended or cancelled.
1966-67, c. 73, s. 30; 1983, c. 10, s. 5.
30. Every permit shall expire one year from the date of issue thereof; it may be renewed for the same term on the conditions prescribed by the regulations.
1966-67, c. 73, s. 30.
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