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Canadian Payments Act

Version of section 32 from 2019-06-23 to 2024-03-06:


Marginal note:Insolvency

  •  (1) No law relating to the insolvency of any body corporate, except Part I.1 of the Payment Clearing and Settlement Act, applies to the Association.

  • Marginal note:Winding-up

    (2) No law relating to the winding-up of any body corporate applies to the Association and in no case shall its affairs be wound up unless Parliament so provides.

  • R.S., 1985, c. C-21, s. 32
  • 2018, c. 12, s. 238

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