I-13.2.2 - Deposit Institutions and Deposit Protection Act

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40.39. Despite any contrary provision, bridge institutions and asset management companies are not mandataries of the Authority or of the State.
Likewise, the legislative provisions applicable to a body for any of the following reasons do not apply to a bridge institution or an asset management company:
(1)  at least half of its expenditures are borne directly or indirectly by the Consolidated Revenue Fund;
(2)  at least half of its financing, resources or share capital is derived from that fund; or
(3)  its capital stock forms part of the domain of the State.
2018, c. 232018, c. 23, s. 376.