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I-13.2.2 - Deposit Institutions and Deposit Protection Act

Section 40.41
Disposition versions

Full text
40.41. If a transfer or concession is made between the legal person and, as the case may be, the Authority, the bridge institution or the asset management company, the Authority shall unilaterally determine the assets or liabilities to be transferred, the rights to be conceded, the consideration to be paid as well as the other terms of the contract.
If a transfer or a concession is made with a third person, the Authority may, on behalf of the legal person, agree on the terms of the contract.
2018, c. 23, s. 376.
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