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I-13.2.2 - Deposit Institutions and Deposit Protection Act

Section 40.11
Disposition versions

Full text
40.11. The Authority shall notify the resolution board without delay if it considers that the failure of deposit institutions belonging to the cooperative group is likely to cause the failure of the other deposit institutions belonging to the group and that the powers conferred on it by the Act respecting financial services cooperatives (chapter C-67.3) are insufficient to remedy the situation.
2018, c. 23, s. 376.
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