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Canada Deposit Insurance Corporation Act

Version of section 39.21 from 2009-07-01 to 2024-05-28:


Marginal note:Right transferable

 If the assets that are sold under a transaction described in section 39.2 or by a bank designated as a bridge institution include any outstanding security under section 426 or 427 of the Bank Act, the buyer of the assets may hold the security for the life of the loan to which the security relates and all the provisions of that Act relating to the security and its enforcement continue to apply to the buyer as though the buyer were a bank.

  • 1992, c. 26, s. 11
  • 1996, c. 6, s. 41
  • 2009, c. 2, s. 249

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