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Royal Canadian Mint Act

Version of section 12 from 2016-12-15 to 2021-01-10:

  •  (1) [Repealed, 2016, c. 12, s. 120]

  • Marginal note:Outside interests

    (2) A person is not eligible to be appointed or to continue as a director of the Mint if the person is not a Canadian citizen ordinarily resident in Canada or if, directly or indirectly, the person is engaged in any undertaking involving or associated with

    • (a) the production or distribution of copper, copper alloy, nickel or precious metals;

    • (b) the purchase, production, distribution or sale of coins or coin operated devices; or

    • (c) the vending of goods and services by means of coin operated devices.

  • Marginal note:Disposing of interest

    (3) Where any interest prohibited by subsection (2) vests in a director by will or succession for his own benefit, the director shall, within three months thereafter, absolutely dispose of the interest.

  • R.S., 1985, c. R-9, s. 12
  • R.S., 1985, c. 35 (3rd Supp.), s. 10
  • 2016, c. 12, s. 120
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