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I-13.2.2 - Deposit Institutions and Deposit Protection Act

Section 40.39
Disposition versions

Full text
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.
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