519 Use of Title " Savings Bank " by a Loan Company.
Description
This section of the book is from the "Canadian Banking Practice" book, by John T. P. Knight.
519 Use of Title " Savings Bank " by a Loan Company.
Question 531.— Is the use of the title "Savings Bank" by a loan company an infringement of the Bank Act under section 100?
Answer.—We think that the use of the title " Savings Bank " by a loan company is an infringement of sec. 100 of the Bank Act, unless the company has competent statutory authority for its use.
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