Deposit Protection Act · s 65

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s 65Holding out as member institution

(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.