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S-29.02 - Trust Companies and Savings Companies Act
Section 119
Disposition versions
119. An authorized trust company must notify the Authority of the name and address of whoever has become or intends to become the holder of its control within 10 days from the time it becomes aware of either situation.
If the authorized trust company is a business corporation, it must also, within the same time, send the Authority such a notice regarding whoever has become or intends to become the holder of a significant interest in its decisions.
The company must, within the same time, notify the Authority whenever the holder of control or of a significant interest ceases to be so.
In force: 2019-06-13
119. An authorized trust company must notify the Authority of the name and address of whoever has become or intends to become the holder of its control within 10 days from the time it becomes aware of either situation.
If the authorized trust company is a business corporation, it must also, within the same time, send the Authority such a notice regarding whoever has become or intends to become the holder of a significant interest in its decisions.
The company must, within the same time, notify the Authority whenever the holder of control or of a significant interest ceases to be so.
