S-29.02, r. 1 - Regulation under the Trust Companies and Savings Companies Act

Section 20.1 Disposition versions

2012-09-01

20.1. For the application of subparagraph 5 of section 129 of the Act, the following matters may be the subject of contracts between a company or its subsidiary and an interested person:

(1)  the disposition of elements of the assets acquired before the coming into force of the Act which it is forbidden to hold;

(2)  the acquisition or the disposal of a subsidiary of the company within a corporate reorganization.

Such contracts are invalid without prior authorization by the Authority.

O.C. 1702-91, s. 4.