Marginal note:Constraining registration — Crown and foreign governments
954 (1) No insurance holding company shall record in its securities register a transfer or issue of any share of the insurance holding company to
(a) Her Majesty in right of Canada or of a province or any agent or agency of Her Majesty in either of those rights; or
(b) the government of a foreign country or any political subdivision thereof, or any agent or agency thereof.
Marginal note:Exception
(2) Notwithstanding subsection (1), an insurance holding company that is a subsidiary of a foreign institution that is controlled by the government of a foreign country or any political subdivision thereof, or any agency thereof, may register a transfer or issue of a share or shares of the insurance holding company to the foreign institution or to any subsidiary of the foreign institution.
- 2001, c. 9, s. 465
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