I-13.2.2 - Deposit Institutions and Deposit Protection Act

Section 28.10 Disposition versions

2019-06-13

28.10. The Authority may prohibit that an authorized deposit institution’s obligations under this Act be performed by a third person on the deposit institution’s behalf if, in the Authority’s opinion, such performance would render the application of this Act difficult or ineffective.

Before rendering its decision, the Authority must notify the prior notice prescribed by section 5 of the Act respecting administrative justice (chapter J-3) to the deposit institution in writing and grant the latter at least 15 days to submit observations.

2018, c. 23, s. 353.