Marginal note:Prohibited names
693 A bank holding company may not be incorporated under this Part with a name
(a) that is prohibited by an Act of Parliament;
(b) that is, in the opinion of the Superintendent, deceptively misdescriptive;
(c) that is the same as or, in the opinion of the Superintendent, substantially the same as or confusingly similar to, any existing
(i) trademark or trade name, or
(ii) corporate name of a body corporate,
except where the trademark or trade name is being changed or the body corporate is being dissolved or is changing its corporate name and consent to the use of the trademark, trade name or corporate name is signified to the Superintendent in such manner as the Superintendent may require;
(d) that is the same as or, in the opinion of the Superintendent, substantially the same as or confusingly similar to, the known name under or by which any entity carries on business or is identified; or
(e) that is reserved under section 43 for a bank or an authorized foreign bank or a proposed bank or proposed authorized foreign bank or under section 697 for another bank holding company or a proposed bank holding company.
- 2001, c. 9, s. 183
- 2014, c. 20, s. 366(E)
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