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C-41 - Trust Companies Act

Section 10
Disposition versions

Full text
10. A registered company may, when it deems expedient, invest in its own name the shares which it holds in one of the capacities mentioned in paragraph 7 of section 2, as well as its own money, in a single hypothec or security authorized by section 8, but in such case it must make special entries in its books so as to assign to each trust, person or corporation interested, his or its proper share in such investment.
The part of the moneys so invested in the name of the registered company and which does not belong to it shall not be liable for the debts or obligations of the company.
R. S. 1964, c. 287, s. 9.
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