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S-29.02 - Trust Companies and Savings Companies Act
Section 157
Disposition versions
157. Despite section 156,
(1) the Attorney General, the Minister or the Authority may use the information made confidential by that section as evidence;
(2) the authorized trust company concerned may, in accordance with the regulation made by the Minister, use that information as evidence in any proceedings concerning the administration or enforcement of this Act or the Business Corporations Act (chapter S-31.1) that are brought by the company, the Attorney General, the Minister or the Authority; and
(3) anyone who may be compelled to testify or to produce a document relating to that information in any proceedings regarding the application of this Act or any other Act administered by the Authority to an authorized trust company or of the Business Corporations Act may use that information provided the proceedings are brought by the trust company concerned, the Attorney General, the Minister or the Authority.
157. Despite section 156,
(1) the Attorney General, the Minister or the Authority may use the information made confidential by that section as evidence;
(2) the authorized trust company concerned may, in accordance with the regulation made by the Minister, use that information as evidence in any proceedings concerning the administration or enforcement of this Act or the Business Corporations Act (chapter S-31.1) that are brought by the company, the Attorney General, the Minister or the Authority; and
(3) anyone who may be compelled to testify or to produce a document relating to that information in any proceedings regarding the application of this Act or any other Act administered by the Authority to an authorized trust company or of the Business Corporations Act to an authorized trust company may use that information provided the proceedings are brought by the trust company concerned, the Attorney General, the Minister or the Authority.
In force: 2019-06-13
157. Despite section 156,
(1) the Attorney General, the Minister or the Authority may use the information made confidential by that section as evidence;
(2) the authorized trust company concerned may, in accordance with the regulation made by the Minister, use that information as evidence in any proceedings concerning the administration or enforcement of this Act or the Business Corporations Act (chapter S-31.1) that are brought by the company, the Attorney General, the Minister or the Authority; and
(3) anyone who may be compelled to testify or to produce a document relating to that information in any proceedings regarding the application of this Act or any other Act administered by the Authority to an authorized trust company or of the Business Corporations Act to an authorized trust company may use that information provided the proceedings are brought by the trust company concerned, the Attorney General, the Minister or the Authority.
