CPA · Municipal Government Act
Part 8 — Financial Administration
270 Municipal accounts
may open or close the accounts that hold the money of a
municipality.
RSA 2000
(2) A municipality must ensure that all money belonging to or held
by the municipality is deposited in a bank, credit union, loan
corporation, treasury branch or trust corporation designated by
council.
RSA 2000 cM-26 s270;2015 c8 s38