Bank Act

Marginal note:Return on unclaimed bills of exchange

• 630 (1) A bank shall, within sixty days after the end of each calendar year, provide the Superintendent with a return, in such form as the Superintendent may determine, as of the end of that calendar year, in respect of all negotiable instruments (including instruments drawn by one branch of the bank on another branch of the bank but not including instruments issued in payment of a dividend on the capital of the bank) payable in Canada in Canadian currency that have been issued, certified or accepted by the bank at branches of the bank in Canada and for which no payment has been made for a period of nine years or more calculated from the date of issue, certification, acceptance or maturity, whichever is the latest, until the date of the return.

• Marginal note:Content of return

  (2) A return made under subsection (1) shall show, in so far as is known to the bank,

  • (a) the name of each person to whom or at whose request each instrument was issued, certified or accepted;

  • (b) the recorded address of each such person;

  • (c) the name of the payee of each instrument;

  • (d) the amount and date of each instrument;

  • (e) the name of the place where each instrument was payable; and

  • (f) the branch of the bank at which each instrument was issued, certified or accepted.

• Marginal note:Amounts under one hundred dollars

  (3) Where the amount of an instrument in respect of which subsection (1) applies is less than one hundred dollars, the bank may omit the particulars in respect thereof required by subsection (2) from the return required by subsection (1).

• Marginal note:Money orders

  (4) A bank may omit from a return required by subsection (1) the particulars required by subsection (2) in respect of any money order in respect of which subsection (1) applies.