Canadian Payments Association By-law No. 3 — Payment Items and Automated Clearing Settlement System
Version of section 27 from 2010-03-01 to 2024-10-30:
Marginal note:Revocation of status
27 (1) The Board may revoke the direct clearer status of a member if that member no longer meets the requirements set out in section 26.
Marginal note:Notification of revocation
(2) The President shall, as soon as practicable, notify all members of the revocation.
- SOR/2010-43, s. 58
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