Government of Canada / Gouvernement du Canada
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Canada Deposit Insurance Corporation Act

Version of section 12 from 2020-04-30 to 2020-09-30:

Marginal note:Duty to insure

 The Corporation shall insure each deposit with a member institution except

  • (a) a deposit that is not payable in Canada;

  • (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 the amount set out in subsection 12.01(1).

  • R.S., 1985, c. C-3, s. 12
  • 2005, c. 30, s. 101
  • 2018, c. 12, s. 203
  • 2020, c. 5, s. 12

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