An Act to protect the Public against Injury from Private Banks. Passed 4th March, 1837.

  • Province
    Upper Canada (1792-1840)
  • Chapter
    7 William IV – Chapter 13
  • Year
    1837
  • Concepts
    Justice System
  • Jurisdictional Relevance
    Provincial/Provinciale
  • Number of Articles
    4
  • Description
    In order to protect the public from bank notes being issues by banks who are not solvent, this act makes it illegal for banks to issue bank notes or currency of any sort, including mortgages, without being first certified by the legislature. Anybody found guilty of violating this act will be guilty of a misdemeanour.
  • Source
    Not available