GreatNorthCollective/greatnorth-canada-federal-laws-text huggingface dataset:
Bank Act — B-1.01 627.132
Limits on withdrawals or transfers 627.132 (1) An institution shall permit a natural person in whose name a personal deposit account in Canada is kept to adjust the following limits for each class of withdrawal or transfer of funds that can be made from the account: (a) the maximum amount of a withdrawal or transfer; (b) the number of withdrawals or transfers that can be made in a given period; (c) the maximum amount of all withdrawals or transfers that can be made in a given period; and (d) any prescribed limit. Limits set by institution (2) An adjusted limit may not, however, exceed any limit set by the institution. Prescribed period (3) The institution shall ensure that an adjusted limit takes effect within the prescribed period.
Bank Act — B-1.01 627.133
Notice 627.133 (1) An institution shall, without delay and by electronic means, notify a natural person in whose name a personal deposit account in Canada is kept if (a) an account capability referred to in subsection 627.131(1) is activated; (b) an account capability referred to in subsection 627.131(2) is deactivated; or (c) a limit referred to in subsection 627.132(1) is adjusted. Exception (2) Subsection (1) does not apply if the natural person has opted out, in writing, of receiving the notice or does not provide the institution with the contact information required to receive it.
Bank Act — B-1.01 627.134
Consumer-targeted fraud 627.134 (1) An institution shall establish and adhere to policies and procedures to detect and prevent consumer-targeted fraud and to mitigate its impacts. Contents (2) The policies and procedures shall, together, set out (a) the criteria that the institution uses to decide whether a transaction is suspicious; (b) the criteria that the institution uses to decide whether to suspend or cancel, or take other measures in relation to, a suspicious transaction; (c) how the institution communicates a decision referred to in paragraph (b) to persons affected by a suspension, cancellation or other measure; (d) the criteria that the institution uses to decide whether a natural person is a victim of consumer-targeted fraud and, if so, whether a remedy is available to them; (e) the criteria that the institution uses to decide what types of remedies are available to a natural person who is a victim of consumer-targeted fraud; (f) how the institution communicates a decision referred to in paragraph (e) to a natural person who is a victim of consumer-targeted fraud; and (g) any prescribed criteria. Training (3) The institution shall provide its employees, representatives, agents or mandataries and other intermediaries who deal with customers who are in Canada with initial and recurrent training on the detection and prevention of consumer-targeted fraud and on the institution’s policies and procedures. Annual report — institution (4) The institution shall, in accordance with the regulations, prepare an annual report on consumer-targeted fraud in Canada and provide it to the Commissioner.
Bank Act — B-1.01 627.135
Annual report — Commissioner 627.135 (1) The Commissioner shall, in accordance with the regulations, prepare an annual report on the reports provided under subsection 627.134(4) and provide it to the Minister. Confidentiality (2) Any information in a report referred to in subsection 627.134(4) that could reasonably be expected to reveal the identity of an institution or of a victim of consumer-targeted fraud is confidential and shall be treated accordingly.
Bank Act — B-1.01 335
335 Section 627.998 of the Act is amended by striking out “and” at the end of paragraph (n) and by adding the following after paragraph (o): (p) prescribing account capabilities for the purposes of subsection 627.131(1) or (2); (q) respecting the manner in which express consent is to be obtained for the purposes of subsection 627.131(1); (r) prescribing limits for the purposes of subsection 627.132(1); (s) prescribing periods for the purposes of subsection 627.132(3); (t) prescribing criteria that are to be set out in the policies and procedures referred to in subsection 627.134(2); (u) respecting the reports that are to be prepared under subsection 627.134(4), including their contents and the time limit for providing them to the Commissioner; and (v) respecting the reports that are to be prepared under subsection 627.135(1), including their contents and the time limit for providing them to the Minister.
Bank Act — B-1.01 345
345 The Act is amended by adding the following after section 227: Simplified amalgamation into federal credit union 227.1 (1) A federal credit union may, without complying with sections 224 to 226, amalgamate with one or more local cooperative credit societies that have applied, under subsection 33(3), to be continued as a federal credit union if (a) the total assets of the local cooperative credit societies do not exceed 25% of the assets of the federal credit union; (b) the amalgamation is approved by a resolution of the directors of the federal credit union and by separate special resolutions of the members and shareholders, if any, of each local cooperative credit society; (c) the resolutions provide that (i) the by-laws of the resulting federal credit union, including any by-laws respecting shares, will be the same as those of the federal credit union before the amalgamation, and (ii) the head office of the resulting federal credit union will be in the same province as the head office of the federal credit union before the amalgamation; (d) the amalgamation does not add, change or remove any rights or privileges of any members or shareholders of the federal credit union prior to amalgamation; and (e) a request has not been made under subsection (3). Disclosure (2) The federal credit union must, in accordance with the regulations, disclose to all its members (a) that the federal credit union has entered into an amalgamation agreement and identify the local cooperative credit societies that are parties to that agreement; (b) that the amalgamation is subject to this section; (c) that the amalgamation is subject to the approval of (i) the members and shareholders, if any, if a request is made under subsection (3), (ii) the members and shareholders, if any, of each local cooperative credit society, (iii) the Minister, and (iv) the applicable provincial regulatory authorities; and (d) any other prescribed information. Members’ approval (3) The amalgamation is not required to be approved by the members of the federal credit union or its shareholders, if any, unless a request that a meeting be held to vote on the amalgamation is made, within the prescribed time, by at least two members entitled to vote at such a meeting, or at least one per cent of the total number of members entitled to vote at such a meeting, whichever is greater. Procedure (4) A meeting requested under subsection (3) must be called as nearly as possible in the manner in which meetings are to be called under the by-laws and this Act. Regulations — disclosure (5) The Governor in Council may make regulations respecting (a) the timing, form and content of the disclosure to be provided to members under subsection (2); and (b) the timing of a meeting request under subsection (3). Definition of resulting federal credit union (6) In this section, resulting federal credit union means the federal credit union resulting from the issuance of letters patent under subsection 223(1.2).
Bank Act — B-1.01 227.1
Simplified amalgamation into federal credit union 227.1 (1) A federal credit union may, without complying with sections 224 to 226, amalgamate with one or more local cooperative credit societies that have applied, under subsection 33(3), to be continued as a federal credit union if (a) the total assets of the local cooperative credit societies do not exceed 25% of the assets of the federal credit union; (b) the amalgamation is approved by a resolution of the directors of the federal credit union and by separate special resolutions of the members and shareholders, if any, of each local cooperative credit society; (c) the resolutions provide that (i) the by-laws of the resulting federal credit union, including any by-laws respecting shares, will be the same as those of the federal credit union before the amalgamation, and (ii) the head office of the resulting federal credit union will be in the same province as the head office of the federal credit union before the amalgamation; (d) the amalgamation does not add, change or remove any rights or privileges of any members or shareholders of the federal credit union prior to amalgamation; and (e) a request has not been made under subsection (3). Disclosure (2) The federal credit union must, in accordance with the regulations, disclose to all its members (a) that the federal credit union has entered into an amalgamation agreement and identify the local cooperative credit societies that are parties to that agreement; (b) that the amalgamation is subject to this section; (c) that the amalgamation is subject to the approval of (i) the members and shareholders, if any, if a request is made under subsection (3), (ii) the members and shareholders, if any, of each local cooperative credit society, (iii) the Minister, and (iv) the applicable provincial regulatory authorities; and (d) any other prescribed information. Members’ approval (3) The amalgamation is not required to be approved by the members of the federal credit union or its shareholders, if any, unless a request that a meeting be held to vote on the amalgamation is made, within the prescribed time, by at least two members entitled to vote at such a meeting, or at least one per cent of the total number of members entitled to vote at such a meeting, whichever is greater. Procedure (4) A meeting requested under subsection (3) must be called as nearly as possible in the manner in which meetings are to be called under the by-laws and this Act. Regulations — disclosure (5) The Governor in Council may make regulations respecting (a) the timing, form and content of the disclosure to be provided to members under subsection (2); and (b) the timing of a meeting request under subsection (3). Definition of resulting federal credit union (6) In this section, resulting federal credit union means the federal credit union resulting from the issuance of letters patent under subsection 223(1.2).
Bank Act — B-1.01 346
346 Subsection 228(1) of the Act is replaced by the following: Joint application to Minister 228 (1) Subject to subsection (2), unless an amalgamation agreement is terminated in accordance with subsection 226(5), the applicants must, within three months after the approval of the agreement in accordance with subsection 226(4), the approval of the directors in accordance with subsection 227(1) or (2) or the latest of the approvals referred to in paragraph 227.1(1)(b), jointly apply to the Minister for letters patent of amalgamation continuing the applicants as one bank.
Bank Act — B-1.01 228
Joint application to Minister 228 (1) Subject to subsection (2), unless an amalgamation agreement is terminated in accordance with subsection 226(5), the applicants must, within three months after the approval of the agreement in accordance with subsection 226(4), the approval of the directors in accordance with subsection 227(1) or (2) or the latest of the approvals referred to in paragraph 227.1(1)(b), jointly apply to the Minister for letters patent of amalgamation continuing the applicants as one bank.
Bank Act — B-1.01 350
350 Paragraph 482(2)(g) of the Act is replaced by the following: (g) assets purchased or sold under a sale agreement that is approved by the Minister under section 236 or a purchase agreement that is approved by the Minister under section 236.1;
Bank for International Settlements (Immunity) Act — B-1.5
[Enacted by section 140 of chapter 35 of the Statutes of Canada, 2007, in force on assent December 14, 2007.]
Bank for International Settlements (Immunity) Act — B-1.5 1
Short title 1 This Act may be cited as the Bank for International Settlements (Immunity) Act .
Bank for International Settlements (Immunity) Act — B-1.5 2
Immunity — government measures 2 The Bank for International Settlements, its property and any property entrusted to it are exempt from the measures referred to in Article 1 of the Protocol regarding the immunities of the Bank for International Settlements that was ratified by Canada on January 20, 1938.
Bank for International Settlements (Immunity) Act — B-1.5 3
Immunity — judicial process 3 (1) The Bank is immune from the juris-diction of any court in respect of a civil proceeding. Immunity — property (2) The Bank’s property and any property entrusted to it are immune, in respect of any civil proceeding, from attachment and execution. Binding on Her Majesty (3) Subsections (1) and (2) are binding on Her Majesty in right of Canada.
Bank for International Settlements (Immunity) Act — B-1.5 4
Non-application of sections 2 and 3 4 For reasons of national security or for the purposes of the conduct of Canada’s international affairs or the implementation of Canada’s international obligations, the Governor in Council may determine that, to the extent specified by the Governor in Council, (a) the Bank, its property and any property entrusted to it are not exempt under section 2; (b) the Bank is not immune under subsection 3(1); and (c) the Bank’s property and any property entrusted to it are not immune under subsection 3(2).
Bank of British Columbia Business Continuation Act — B-1.7
Her Majesty, by and with the advice and consent of the Senate and House of Commons of Canada, enacts as follows:
Bank of British Columbia Business Continuation Act — B-1.7 1
Short title 1 This Act may be cited as the Bank of British Columbia Business Continuation Act .
Bank of British Columbia Business Continuation Act — B-1.7 2
Definitions 2 (1) In this Act, Bank means the Bank of British Columbia; ( Banque ) Corporation means the Canada Deposit Insurance Corporation; ( Société ) Minister means the Minister of Finance; ( ministre ) purchasing bank means a bank purchasing the whole or part of the assets of the Bank as referred to in this Act; ( banque acheteuse ) sale agreement means an agreement referred to in subsection 5(2); ( contrat de vente ) trust amount means the amount of money paid into the trust account under section 7. ( montant en fiducie ) Other words and expressions (2) Unless otherwise provided, words and expressions used in this Act have the same meaning as in the Bank Act .
Bank of British Columbia Business Continuation Act — B-1.7
Bank means the Bank of British Columbia; ( Banque )
Bank of British Columbia Business Continuation Act — B-1.7
Corporation means the Canada Deposit Insurance Corporation; ( Société )
Bank of British Columbia Business Continuation Act — B-1.7
Minister means the Minister of Finance; ( ministre )
Bank of British Columbia Business Continuation Act — B-1.7
purchasing bank means a bank purchasing the whole or part of the assets of the Bank as referred to in this Act; ( banque acheteuse )
Bank of British Columbia Business Continuation Act — B-1.7
sale agreement means an agreement referred to in subsection 5(2); ( contrat de vente )
Bank of British Columbia Business Continuation Act — B-1.7
trust amount means the amount of money paid into the trust account under section 7. ( montant en fiducie )
Bank of British Columbia Business Continuation Act — B-1.7 3
Act prevails 3 In the event of a conflict between the provisions of this Act and any other Act or law, the provisions of this Act shall prevail.
Bank of British Columbia Business Continuation Act — B-1.7 4
In lieu of Bank Act provisions 4 Sections 5 to 9 apply in respect of the sale of assets of the Bank and all matters related thereto in lieu of and notwithstanding anything in the Bank Act but nothing in this Act shall be construed as modifying the application of that Act in respect of a purchasing bank except that, in respect of a purchasing bank, paragraph 275(2)(c) of that Act shall not apply.
Bank of British Columbia Business Continuation Act — B-1.7 5
Sale of assets authorized 5 (1) The Bank may sell the whole or part of the assets of the Bank to a purchasing bank. Sale agreement (2) The terms of purchase and sale of assets under this section shall be specified in a sale agreement entered into between the Bank and the purchasing bank. Effect of Governor in Council approval (3) The approval pursuant to section 6 by the Governor in Council of a sale agreement vests in the purchasing bank the assets of the Bank that under the agreement are purchased by the purchasing bank and, subject to the agreement, the Bank shall thereafter, if requested by the purchasing bank, execute such formal and separate conveyances, assignments and assurances as are reasonably required to confirm or evidence the vesting in the purchasing bank of the full title and ownership of the assets. Idem (4) On the approval of a sale agreement by the Governor in Council (a) the purchasing bank becomes liable instead of the Bank to discharge all obligations of the Bank that have been assumed by the purchasing bank under the agreement; and (b) the agreement is in full force and effect notwithstanding any winding up of the business of the Bank or any order of a court. Activities of Bank restricted (5) When the Governor in Council has approved a sale agreement, the Bank may thereafter carry on business only to the extent necessary to enable the directors to carry out the sale agreement and wind up the business of the Bank.
Bank of British Columbia Business Continuation Act — B-1.7 6
Approval of Governor in Council required 6 (1) A sale agreement has no force or effect until it has been approved by the Governor in Council. Condition (2) The Governor in Council shall not approve a sale agreement unless the Minister recommends that the agreement be approved. Evidence of approval (3) The approval by the Governor in Council of a sale agreement shall be evidenced by an order of the Governor in Council and a copy of the order purporting to have annexed thereto a true copy of the agreement, certified by the Clerk or Assistant Clerk of the Privy Council for Canada, is in all courts and for all purposes, evidence of the agreement, of the due execution thereof, of its approval by the Governor in Council and of the regularity of all proceedings in connection therewith.
Bank of British Columbia Business Continuation Act — B-1.7 7
Trust amount payment 7 On the approval by the Governor in Council of a sale agreement, the purchasing bank shall forthwith pay into a trust account designated by the Bank and the Corporation the amount of money payable to the Bank under the sale agreement by the purchasing bank.
Bank of British Columbia Business Continuation Act — B-1.7 8
Special meeting 8 (1) The sale agreement shall be submitted to the shareholders of the Bank at a special meeting duly called for the purpose only of determining whether the shareholders approve the consideration obtained by the Bank for the assets sold to the purchasing bank. Notice of meeting (2) The directors of the Bank shall cause a copy of the sale agreement to be sent by registered mail to every shareholder of the Bank at his recorded address at least two weeks prior to the date of the meeting referred to in subsection (1), together with a notice of the time and place of the holding of the meeting and a management proxy circular. Resolution to be placed before shareholders (3) At the meeting of the shareholders a resolution shall be placed before the shareholders to approve the consideration obtained by the Bank.
Bank of British Columbia Business Continuation Act — B-1.7 10
Application for dissolution of Bank 10 (1) For the purposes of carrying out a sale agreement, the directors of the Bank may resolve to liquidate and dissolve the Bank and, on behalf of the Bank, make an application to the Minister for letters patent dissolving the Bank, and in such case the application shall, subject to subsection (2), be deemed to have been made under section 287 of the Bank Act . Interpretation of section 287 of Bank Act (2) For the purposes of subsection (1), section 287 of the Bank Act shall be read and construed as if (a) subsections (2) and (3) thereof were not applicable to the Bank; and (b) a reference in that section to subsection (3) of that section were a reference to subsection (1) of this section.
Bank of British Columbia Business Continuation Act — B-1.7 11
Change of name 11 On application therefor by the Bank without a special resolution, the Minister may, with the approval of the Governor in Council, approve a proposal to change the name of the Bank.
Bank of British Columbia Business Continuation Act — B-1.7 12
Liability limited 12 Neither Her Majesty in right of Canada nor the Corporation nor any person acting on behalf of Her Majesty or the Corporation is liable to any person for anything in good faith done or omitted to be done under this Act.
Bank of Canada Act — B-2 Preamble
Preamble WHEREAS it is desirable to establish a central bank in Canada to regulate credit and currency in the best interests of the economic life of the nation, to control and protect the external value of the national monetary unit and to mitigate by its influence fluctuations in the general level of production, trade, prices and employment, so far as may be possible within the scope of monetary action, and generally to promote the economic and financial welfare of Canada;
Bank of Canada Act — B-2
THEREFORE, His Majesty, by and with the advice and consent of the Senate and House of Commons of Canada, enacts as follows:
Bank of Canada Act — B-2 1
Short title 1 This Act may be cited as the Bank of Canada Act . R.S., c. B-2, s. 1
Bank of Canada Act — B-2 2
Definitions 2 In this Act, authorized foreign bank has the meaning assigned to that expression by section 2 of the Bank Act ; ( banque étrangère autorisée ) Bank means the Bank of Canada; ( Banque ) bank means a bank listed in Schedule I or II to the Bank Act ; ( banque ) Board or Board of Directors means the Board of Directors of the Bank; ( conseil ) Deputy Governor in sections 5, 6, 8, 13, 15, 30 and 31 means the Deputy Governor appointed under section 6; ( sous-gouverneur ) director means a member of the Board of Directors other than the Governor or the Deputy Governor or the member acting by virtue of subsection 5(2); ( administrateur ) Governor means the Governor of the Bank or the person acting for the Governor pursuant to this Act; ( gouverneur ) Minister means the Minister of Finance; ( ministre ) notes means notes intended for circulation in Canada. ( billets ) R.S., 1985, c. B-2, s. 2; 1999, c. 28, s. 93; 2001, c. 9, s. 185
Bank of Canada Act — B-2
authorized foreign bank has the meaning assigned to that expression by section 2 of the Bank Act ; ( banque étrangère autorisée )
Bank of Canada Act — B-2
Bank means the Bank of Canada; ( Banque )
Bank of Canada Act — B-2
bank means a bank listed in Schedule I or II to the Bank Act ; ( banque )
Bank of Canada Act — B-2
Board or Board of Directors means the Board of Directors of the Bank; ( conseil )
Bank of Canada Act — B-2
Deputy Governor in sections 5, 6, 8, 13, 15, 30 and 31 means the Deputy Governor appointed under section 6; ( sous-gouverneur )
Bank of Canada Act — B-2
director means a member of the Board of Directors other than the Governor or the Deputy Governor or the member acting by virtue of subsection 5(2); ( administrateur )
Bank of Canada Act — B-2
Governor means the Governor of the Bank or the person acting for the Governor pursuant to this Act; ( gouverneur )
Bank of Canada Act — B-2
Minister means the Minister of Finance; ( ministre )
Bank of Canada Act — B-2
notes means notes intended for circulation in Canada. ( billets )
Bank of Canada Act — B-2 3
Bank constituted 3 (1) There is hereby established a bank to be called the Bank of Canada. Body corporate (2) The Bank is a body corporate. R.S., c. B-2, s. 3