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I-13.2.2 - Deposit Institutions and Deposit Protection Act

Section 40.0.7
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40.0.7. (Repealed).
2009, c. 58, s. 17; 2018, c. 23, s. 369.
40.0.7. The Authority may, without prior notice, issue a provisional order valid for a period not exceeding 15 days if, in its opinion, any period of time allowed to the registered institution concerned to submit observations may be detrimental.
Such an order must state the reasons on which it is based and becomes effective on the day it is served on the institution to which it applies. The institution may submit observations to the Authority within six days of receiving the order.
2009, c. 58, s. 17.
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