Royal Canadian Mint Act

12 (1) [Repealed, 2016, c. 12, s. 120]

Marginal note:Outside interests

(2) A person is not eligible to be appointed or to continue as a director of the Mint if the person is not a Canadian citizen ordinarily resident in Canada or if, directly or indirectly, the person is engaged in any undertaking involving or associated with

• (a) the production or distribution of copper, copper alloy, nickel or precious metals;

• (b) the purchase, production, distribution or sale of coins or coin operated devices; or

• (c) the vending of goods and services by means of coin operated devices.

Marginal note:Disposing of interest

(3) Where any interest prohibited by subsection (2) vests in a director by will or succession for his own benefit, the director shall, within three months thereafter, absolutely dispose of the interest.