Secrecy

Marginal note:Oath of directors and staff

16 Before a person starts to act as a director, an officer or an employee of the Bank, he or she shall take an oath, or make a solemn affirmation, of fidelity and secrecy, in the form set out in the schedule, before a commissioner for taking affidavits.

  • R.S., 1985, c. B-2, s. 16
  • 1997, c. 15, s. 97
  • 2001, c. 9, s. 193

Capital and Shares

Marginal note:Capital

  • 17 (1) The capital of the Bank shall be five million dollars but may be increased from time to time pursuant to a resolution passed by the Board of Directors and approved by the Governor in Council and by Parliament.

  • Marginal note:Shares

    (2) The capital shall be divided into one hundred thousand shares of the par value of fifty dollars each, which shall be issued to the Minister to be held by the Minister on behalf of Her Majesty in right of Canada.

  • Marginal note:Registration

    (3) The shares issued to the Minister shall be registered by the Bank in the name of the Minister in the books of the Bank at Ottawa.

  • R.S., c. B-2, s. 17