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C-41 - Trust Companies Act

Section 39
Disposition versions

Full text
39. The costs incurred for the administration of this Act, determined each year by the Government, are chargeable to the trust companies registered in Québec.
The amount of such costs shall be recovered from each company as follows:
(a)  a portion according to a minimum fixed each year by the Government;
(b)  the balance, in the proportion, for each company, that its gross revenue derived from its operations in Québec during the preceding year bears to the total gross revenues of all companies derived from their operations in Québec for the same year.
The certificate of the Minister shall establish finally the amount which each company must pay under this section.
R. S. 1964, c. 287, s. 38; 1966-67, c. 72, s. 23; 1975, c. 76, s. 11; 1981, c. 9, s. 24; 1982, c. 52, s. 153.
39. The costs of the office of the Inspector of Trust Companies, determined each year by the Government, shall be chargeable to the trust companies registered in Québec.
The amount of such costs shall be recovered from each company as follows:
(a)  a portion according to a minimum fixed each year by the Government;
(b)  the balance, in the proportion, for each company, that its gross revenue derived from its operations in Québec during the preceding year bears to the total gross revenues of all companies derived from their operations in Québec for the same year.
The certificate of the Minister of Financial Institutions and Cooperatives shall establish finally the amount which each company must pay under this section.
R. S. 1964, c. 287, s. 38; 1966-67, c. 72, s. 23; 1975, c. 76, s. 11; 1981, c. 9, s. 24.
39. The costs of the office of the Inspector of Trust Companies, determined each year by the Government, shall be chargeable to the trust companies registered in Québec.
The amount of such costs shall be recovered from each company as follows:
(a)  a portion according to a minimum fixed each year by the Government;
(b)  the balance, in the proportion, for each company, that its gross revenue derived from its operations in Québec during the preceding year bears to the total gross revenues of all companies derived from their operations in Québec for the same year.
The certificate of the Minister of Consumer Affairs, Cooperatives and Financial Institutions shall establish finally the amount which each company must pay under this section.
R. S. 1964, c. 287, s. 38; 1966-67, c. 72, s. 23; 1975, c. 76, s. 11.
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