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I-13.2.2, r. 1 - Regulation respecting the application of the Deposit Institutions and Deposit Protection Act

Section 11
Disposition versions

Full text
11. (Revoked).
M.O. 2010-12, s. 11; M.O. 2020-09, s. 12.
11. Where the Authority’s obligation under a guarantee becomes enforceable before the date of expiry of a term deposit, the guarantee period provided for in the second paragraph of section 37 of the Act is extended by no more than 2 years from the date of expiry of such deposit.
Where the Authority’s obligation under a guarantee becomes enforceable after the date of expiry of a term deposit, the guarantee period provided for in the second paragraph of section 37 of the Act is extended by no more than 2 years from the date on which the Authority’s obligation under a guarantee becomes enforceable.
M.O. 2010-12, s. 11.
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