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S-29.02 - Trust Companies and Savings Companies Act

Section 187
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187. No regulated corporation may, without the Authority’s authorization, grant a hypothec or other security on its movable property, except to secure a short-term loan contracted to meet liquidity requirements.
The Authority may, in granting its authorization, require any undertaking it considers necessary to ensure compliance with this Act.
2018, c. 23, s. 395.
In force: 2019-06-13
187. No regulated corporation may, without the Authority’s authorization, grant a hypothec or other security on its movable property, except to secure a short-term loan contracted to meet liquidity requirements.
The Authority may, in granting its authorization, require any undertaking it considers necessary to ensure compliance with this Act.
2018, c. 23, s. 395.
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