Marginal note:Incorporation of bank
22 (1) On the application of one or more persons made in accordance with this Act, the Minister may, subject to this Part, issue letters patent incorporating a bank, other than a federal credit union.
Marginal note:Incorporation of federal credit union
(2) On the application of five or more persons, a majority of whom are natural persons, made in accordance with this Act, the Minister may, subject to this Part, issue letters patent incorporating a federal credit union.
- 1991, c. 46, s. 22
- 2010, c. 12, s. 1904
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