I-13.2.2 - Deposit Institutions and Deposit Protection Act

Article 40.39 Versions de la disposition

2018-07-13

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. 23, s. 376.