I-13.2.2 - Deposit Institutions and Deposit Protection Act

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34.4. The Authority may, with the authorization of the Minister, if the deposit institution is being liquidated or wound-up within the meaning of the first paragraph of section 34.1, grant a depositor interest on the deposit of money, at a rate determined by regulation, for the period beginning on the date of liquidation or winding-up and ending on the date of the final payment in respect of the deposit of money. The total paid by the Authority must not exceed $100,000.
2009, c. 58, s. 13; 2018, c. 232018, c. 23, s. 362.
34.4. The Authority may, with the authorization of the Minister, if the institution is being liquidated or wound-up within the meaning of subparagraphs d and e of the first paragraph of section 34.1, grant a depositor interest on the deposit of money, at a rate determined by regulation, for the period beginning on the date of liquidation or winding-up and ending on the date of the final payment in respect of the deposit of money. The total paid by the Authority must not exceed $100,000.
2009, c. 58, s. 13.