Canada Deposit Insurance Corporation Act
Version of section 12 from 2002-12-31 to 2005-06-28:
Marginal note:Duty to insure
12 The Corporation shall insure each deposit with a member institution except
(a) a deposit that is not payable in Canada or in Canadian currency;
(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 sixty thousand dollars.
- R.S., c. C-3, s. 13
- 1980-81-82-83, c. 148, s. 3
- Date modified: