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S-29.02 - Trust Companies and Savings Companies Act
Section 1
Disposition versions
1. This Act applies to the supervision and control of the business of trust companies and authorized trust companies and of their financial institution activities in particular.
In addition, it supplements, through appropriate specific rules, the operation, dissolution and liquidation regime applicable to business corporations that, because they are regulated by its Title III, may be authorized either
(1) to carry on trust company activities and therefore be authorized Québec trust companies; or
(2) to carry on only deposit institution activities under the Deposit Institutions and Deposit Protection Act (chapter I-13.2.2) and therefore be Québec savings companies.
In force: 2019-06-13
1. This Act applies to the supervision and control of the business of trust companies and authorized trust companies and of their financial institution activities in particular.
In addition, it supplements, through appropriate specific rules, the operation, dissolution and liquidation regime applicable to business corporations that, because they are regulated by its Title III, may be authorized either
(1) to carry on trust company activities and therefore be authorized Québec trust companies; or
(2) to carry on only deposit institution activities under the Deposit Institutions and Deposit Protection Act (chapter I-13.2.2) and therefore be Québec savings companies.
