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S-29.01 - Act respecting trust companies and savings companies

Section 200
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200. Every company shall, in exercising its loan and investment powers, act as a prudent and reasonable person would act in similar circumstances, honestly and faithfully and in the best interests of the shareholders, the depositors and, as the case may be, the beneficiaries.
It must also adhere to sound and prudent management practices.
1987, c. 95, s. 200; 2008, c. 7, s. 111.
200. Every company shall, in exercising its loan and investment powers, act as a prudent and reasonable person would act in similar circumstances, honestly and faithfully and in the best interests of the shareholders, the depositors and, as the case may be, the beneficiaries.
1987, c. 95, s. 200.
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