Designated Banks Order

Regulation
Registration
R-038-2014
Source
Unofficial consolidation PDF (justice.gov.nt.ca)
Under
Financial Administration Act

This is an unofficial reading copy parsed from the Department of Justice consolidation PDF above — itself an office consolidation, not an official statement of the law. The authoritative text is in the Revised Statutes of the Northwest Territories, 1988 and the annual Statutes volumes.

  • s.1 amended by R-038-2014,s.3 in force April 1, 2014
  • s.1 amended by R-036-2016,s.2 in force April 1, 2016
Contents
1. 1 2. 2 3. 3 4. 4 5. 5 SCHEDULE (Section 1)

R-038-2014,s.2.

1.

The banks listed in the Schedule are designated as the banks for the deposit of public money and revenue under subsection 34(2) of the Northwest Territories Act (Canada) and on which cheques may be drawn under subsection 94(1) of the Financial Administration Act, and each such bank is referred to in this order as "the designated bank". R-038-2014,s.3; R-036-2016,s.2.

2.

Any cheque drawn on the account in the name of the Government with the designated bank may be signed by affixing the signatures of officers authorized to sign cheques on behalf of the Government with a cheque signing machine or other mechanical means.

3.

The designated bank is authorized and directed to pay any and all cheques or instruments purporting to be cheques of the Government presented for payment bearing facsimile signatures of the officers authorized to sign cheques for and on behalf of the Government the names of whom are provided to the designated bank by the Comptroller General pursuant to section 5.

4.

The cheques or instruments referred to in section 3 may be dealt with to all intents and purposes and shall bind the Government as fully and effectually as if signed in the handwriting of and duly issued by such officer or officers for and on behalf of the Government.

5.

(1) The Comptroller General shall provide the designated bank with the names of the officers authorized to sign cheques for or on behalf of the Government with certified specimens of the facsimile signatures of such officers.

(2) The specimen signatures may be acted on by each branch of the designated bank with which any dealings are had by the Government until notice to the contrary or of any change in the specimen signature has been given in writing to the manager or acting manager of such branch by the Comptroller General.

SCHEDULE (Section 1)

Bank of Montreal Bank of Nova Scotia Canadian Imperial Bank of Commerce Royal Bank of Canada Toronto Dominion Bank