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Bank Act

Version of section 651 from 2003-01-01 to 2023-06-21:


Marginal note:Superintendent may request winding-up

 The Superintendent may, at any time before the receipt of a request under section 652 to relinquish control of a bank or of the assets of a bank, request the Attorney General of Canada to apply for a winding-up order under section 10.1 of the Winding-up and Restructuring Act in respect of the bank, where

  • (a) the assets of the bank are under the control of the Superintendent pursuant to subparagraph 648(1)(b)(i) or (ii); or

  • (b) the bank is under the control of the Superintendent pursuant to subparagraph 648(1)(b)(iii).

  • 1999, c. 28, s. 52

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