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Bank Act

Version of section 650 from 2003-01-01 to 2023-06-21:

Marginal note:Expiration of control

 Control by the Superintendent under subsection 648(1) of a bank or of the assets of a bank expires on the day on which a notice by the Superintendent is sent to the directors and officers who conducted the business and affairs of the bank stating that the Superintendent is of the opinion that the circumstances leading to the taking of control by the Superintendent have been substantially rectified and that the bank can resume control of its business and affairs.

  • 1999, c. 28, s. 52

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