N. Conclusion

• Author: M.H. Ogilvie
• Profession: LSM, B.A., LL.B., M.A., D.Phil., D.D., F.R.S.C. Of the Bars of Ontario and Nova Scotia Chancellor's Professor and Professor of Law, Carleton University
• Pages: 146-147

Page 146

Like any other corporate person in law, banks are created by law, regulated by law, and cease to exist by operation of law. The basic model for banks as business corporations is the CBCA corporations model modified to account for the special nature of banks as the repositories of individuals’ wealth and as the most significant corporate decision

Page 147

makers in the nation’s economy. This chapter has demonstrated how closely the banking sector is regulated and supervised to ensure as far as possible the security and soundness of that sector. It has also shown how complex each "bank" actually is, not only qua bank, but...