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Business Development Bank of Canada Act

Version of section 22 from 2011-11-29 to 2023-09-19:

Marginal note:Powers

 The Bank may

  • (a) accept deposits as security for the due performance of any arrangement or agreement with the Bank;

  • (b) determine and charge interest and any other form of compensation for services provided by the Bank in the exercise of its powers under this Act;

  • (c) procure the incorporation, dissolution or amalgamation of subsidiaries and acquire or dispose of any shares in them;

  • (d) acquire and dispose of any interest or right in any entity by any means;

  • (e) acquire, hold, exchange, lease, sell or otherwise dispose of any interest or right in real or personal property or immovables or movables and retain and use the proceeds of disposition; and

  • (f) generally, do all other things that are incidental or conducive to attaining the purpose of this Act and the exercise of the powers of the Bank.

  • 1995, c. 28, s. 22
  • 2011, c. 21, s. 10
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