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I-13.2.2 - Deposit Institutions and Deposit Protection Act

Section 37
Disposition versions

Full text
37. Deposits of money owing by a deposit institution on the date of suspension or cancellation of the authorization granted by the Authority, or of the suspension, rescission or expiry of a policy issued in accordance with section 34, shall continue to be guaranteed under this Act or under such policy, as the case may be.
The deposit institutions in which such deposits continue to be so guaranteed shall remain, with respect to such deposits and until the day on which they continue to be so guaranteed, subject to the pertinent provisions of this Act, the regulations or the policy, as the case may be, save to the extent provided by the regulations.
1968, c. 71, s. 6; 1983, c. 10, s. 17; 2018, c. 23, s. 365.
37. Deposits of money owing by an institution on the date of suspension or cancellation of its permit, or of the suspension, rescission or expiry of a policy issued in accordance with section 34, shall continue to be guaranteed under this Act or under such policy, as the case may be.
Such deposits shall continue to be so guaranteed for a period of two years or, in the case of deposits for a term expiring in more than two years, until the date when they expire.
The institutions in which such deposits continue to be so guaranteed shall remain, with respect to such deposits and until the day on which they continue to be so guaranteed, subject to the pertinent provisions of this Act, the regulations or the policy, as the case may be, save to the extent provided by the regulations.
1968, c. 71, s. 6; 1983, c. 10, s. 17.
37. Deposits of money owing by an institution on the date of suspension, cancellation or expiry of its permit, or of the suspension, rescission or expiry of a policy issued in accordance with section 34 shall continue to be guaranteed under this act or under such policy, as the case may be.
Such deposits shall continue to be so guaranteed for a period of two years or, in the case of deposits for a term expiring in more than two years, until the date when they expire.
The institutions in which such deposits continue to be so guaranteed shall remain, with respect to such deposits and until the day on which they continue to be so guaranteed, subject to the pertinent provisions of this act, the regulations or the policy, as the case may be, save to the extent provided by the regulations.
1968, c. 71, s. 6.
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