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I-13.2.2 - Deposit Institutions and Deposit Protection Act

Section 34.4
Disposition versions

Full text
34.4. The Authority may, with the authorization of the Minister, if the deposit institution is being liquidated or wound-up within the meaning of the first paragraph of section 34.1, grant a depositor interest on the deposit of money, at a rate determined by regulation, for the period beginning on the date of liquidation or winding-up and ending on the date of the final payment in respect of the deposit of money. The total paid by the Authority must not exceed $100,000.
2009, c. 58, s. 13; 2018, c. 23, s. 362.
34.4. The Authority may, with the authorization of the Minister, if the institution is being liquidated or wound-up within the meaning of subparagraphs d and e of the first paragraph of section 34.1, grant a depositor interest on the deposit of money, at a rate determined by regulation, for the period beginning on the date of liquidation or winding-up and ending on the date of the final payment in respect of the deposit of money. The total paid by the Authority must not exceed $100,000.
2009, c. 58, s. 13.
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