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C-41 - Trust Companies Act

Section 18
Disposition versions

Full text
18. (1)  No trust company shall carry on trust business in Québec unless it is registered in the office of the Inspector General of Financial Institutions in accordance with this Act.
(2)  The certificate of registration shall relieve the company obtaining the same from the prohibitions contained in article 365 of the Civil Code, except, however, those relating to personal summons or summons to serve as witnesses or jurors, and those relating to prosecutions for assault, battery or other violence to the person.
(3)  No certificate of registration may be issued in favour of a trust company empowering it to act as tutor or subrogate-tutor to persons, notwithstanding any legislative provisions which may authorize a company to act as such.
R. S. 1964, c. 287, s. 18; 1966-67, c. 72, s. 23; 1975, c. 76, s. 11; 1981, c. 9, s. 24; 1982, c. 52, s. 148.
18. (1)  No trust company shall carry on trust business in Québec unless it is registered in the office of the Minister of Financial Institutions and Cooperatives in accordance with this act.
(2)  The certificate of registration shall relieve the company obtaining the same from the prohibitions contained in article 365 of the Civil Code, except, however, those relating to personal summons or summons to serve as witnesses or jurors, and those relating to prosecutions for assault, battery or other violence to the person.
(3)  No certificate of registration may be issued in favour of a trust company empowering it to act as tutor or subrogate-tutor to persons, notwithstanding any legislative provisions which may authorize a company to act as such.
R. S. 1964, c. 287, s. 18; 1966-67, c. 72, s. 23; 1975, c. 76, s. 11; 1981, c. 9, s. 24.
18. (1)  No trust company shall carry on trust business in Québec unless it is registered in the office of the Minister of Consumer Affairs, Cooperatives and Financial Institutions in accordance with this act.
(2)  The certificate of registration shall relieve the company obtaining the same from the prohibitions contained in article 365 of the Civil Code, except, however, those relating to personal summons or summons to serve as witnesses or jurors, and those relating to prosecutions for assault, battery or other violence to the person.
(3)  No certificate of registration may be issued in favour of a trust company empowering it to act as tutor or subrogate-tutor to persons, notwithstanding any legislative provisions which may authorize a company to act as such.
R. S. 1964, c. 287, s. 18; 1966-67, c. 72, s. 23; 1975, c. 76, s. 11.
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