Section 65
Holding out as member institution
ActIn forceProvision 65 of 86
Section 65
(1)
No person shall hold itself out to be a member institution, or represent that it or any other person is protected under the Corporation unless such other person is a member institution.
(2)
Any person who contravenes subsection (1) is guilty of an offence and is liable on conviction to a fine not exceeding $1,000,000, imprisonment for a term not exceeding 3 years or both and, in the case of a continuing offence, to a further fine not exceeding $10,000 for every day or part thereof during which the offence continues after conviction.