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S-29.02 - Trust Companies and Savings Companies Act

Section 18
Disposition versions

Full text
18. Trust company activities are carried on in Québec in the following cases:
(1)  if they consist in being a trustee, when the settlor or another person who transfers some of his or her property to a trust patrimony is domiciled in Québec;
(2)  if they consist in being tutor to the property of a minor person or of a person of full age when that person is domiciled in Québec;
(3)  if they consist in being the liquidator
(a)  of a succession, when the last domicile of the deceased is in Québec; or
(b)  of a legal person or a partnership, when the liquidation is governed by the laws of Québec; and
(4)  if they consist in being sequestrator, when the contract is governed by the laws of Québec or the sequestration is ordered under the Code of Civil Procedure (chapter C-25.01).
2018, c. 23, s. 395; 2020, c. 11, s. 215.
18. Trust company activities are carried on in Québec in the following cases:
(1)  if they consist in being a trustee, when the settlor or another person who transfers some of his or her property to a trust patrimony is domiciled in Québec;
(2)  if they consist in being tutor to the property of a minor person or of a person of full age, or curator to the property of a person of full age or adviser to a person of full age, when that person is domiciled in Québec;
(3)  if they consist in being the liquidator
(a)  of a succession, when the last domicile of the deceased is in Québec; or
(b)  of a legal person or a partnership, when the liquidation is governed by the laws of Québec; and
(4)  if they consist in being sequestrator, when the contract is governed by the laws of Québec or the sequestration is ordered under the Code of Civil Procedure (chapter C-25.01).
2018, c. 23, s. 395.
In force: 2019-06-13
18. Trust company activities are carried on in Québec in the following cases:
(1)  if they consist in being a trustee, when the settlor or another person who transfers some of his or her property to a trust patrimony is domiciled in Québec;
(2)  if they consist in being tutor to the property of a minor person or of a person of full age, or curator to the property of a person of full age or adviser to a person of full age, when that person is domiciled in Québec;
(3)  if they consist in being the liquidator
(a)  of a succession, when the last domicile of the deceased is in Québec; or
(b)  of a legal person or a partnership, when the liquidation is governed by the laws of Québec; and
(4)  if they consist in being sequestrator, when the contract is governed by the laws of Québec or the sequestration is ordered under the Code of Civil Procedure (chapter C-25.01).
2018, c. 23, s. 395.
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