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C-41 - Trust Companies Act

Section 32
Disposition versions

Full text
32. If it be shown to the satisfaction of the Inspector General that a trust company has obtained a certificate of registration by fraud or under false pretences, or that it has been formed for an illegal purpose, or is insolvent, or that it neglects to fulfil its obligations or to comply with the laws governing it, or that it has ceased to exist, the certificate of such company may be suspended or cancelled by the Inspector General.
R. S. 1964, c. 287, s. 31; 1982, c. 52, s. 150.
32. If it be shown to the satisfaction of the Government that a trust company has obtained a certificate of registration by fraud or under false pretences, or that it has been formed for an illegal purpose, or is insolvent, or that it neglects to fulfil its obligations or to comply with the laws governing it, or that it has ceased to exist, the certificate of such company may be suspended or cancelled by the Government.
R. S. 1964, c. 287, s. 31.
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