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I-13.2.2 - Deposit Institutions and Deposit Protection Act

Section 38
Disposition versions

Full text
38. When a person makes several deposits of money with the same deposit institution or bank, such deposits, for the purposes of this Act, shall be deemed a single deposit. Nevertheless, such deposits may be considered separate as may be prescribed by the regulations.
1966-67, c. 73, s. 37; 1968, c. 71, s. 7; 1983, c. 10, s. 19; 2018, c. 23, s. 366.
38. When a person makes several deposits of money with the same institution or bank, such deposits, for the purposes of this Act, shall be deemed a single deposit. Nevertheless, such deposits may be considered separate as may be prescribed by the regulations.
1966-67, c. 73, s. 37; 1968, c. 71, s. 7; 1983, c. 10, s. 19.
38. When a person makes several deposits of money with the same institution or bank, such deposits, for the purposes of this act, shall be deemed a single deposit. Nevertheless when a person acts, with respect to one or more of such deposits, for the account of or jointly with other persons, such deposits may be considered as separate to the extent provided by the regulations.
1966-67, c. 73, s. 37; 1968, c. 71, s. 7.
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