Canada Deposit Insurance Corporation Act
Version of section 12 from 2005-06-29 to 2020-03-24:
Marginal note:Duty to insure
12 The Corporation shall insure each deposit with a member institution except
(a) a deposit that is not payable in Canada or in Canadian currency;
(b) a deposit in respect of which Her Majesty in right of Canada would be a preferred claimant; and
(c) so much of any one deposit as exceeds one hundred thousand dollars.
- R.S., 1985, c. C-3, s. 12
- 2005, c. 30, s. 101
- Date modified: