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I-13.2.2, r. 4 - Regulation respecting the indemnification plan applicable pursuant to certain resolution operations
Section 4
Disposition versions
4. An eligible person referred to in section 2 does not include:
(1) a person that with respect to any liability receives payment in full of the amounts owing in accordance with the liability’s contractual terms; or
(2) a person that, immediately before the order of the resolution board is made, holds shares or liabilities solely as an intermediary.
In force: 2019-03-31
4. An eligible person referred to in section 2 does not include:
(1) a person that with respect to any liability receives payment in full of the amounts owing in accordance with the liability’s contractual terms; or
(2) a person that, immediately before the order of the resolution board is made, holds shares or liabilities solely as an intermediary.
