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S-29.02 - Trust Companies and Savings Companies Act
Section 19
Disposition versions
19. Only the following legal persons may obtain the Authority’s authorization if they have at least $5,000,000 in capital:
(1) business corporations regulated by Title III; and
(2) legal persons constituted under the laws of a Canadian jurisdiction other than Québec and having the capacity to carry on trust company activities.
For the purposes of this Act,
“authorized Québec trust company” means a business corporation regulated by Title III that has been authorized by the Authority to carry on trust company activities;
“authorized trust company” means a legal person referred to in the first paragraph who has been authorized by the Authority to carry on trust company activities.
In force: 2019-06-13
19. Only the following legal persons may obtain the Authority’s authorization if they have at least $5,000,000 in capital:
(1) business corporations regulated by Title III; and
(2) legal persons constituted under the laws of a Canadian jurisdiction other than Québec and having the capacity to carry on trust company activities.
For the purposes of this Act,
“authorized Québec trust company” means a business corporation regulated by Title III that has been authorized by the Authority to carry on trust company activities;
“authorized trust company” means a legal person referred to in the first paragraph who has been authorized by the Authority to carry on trust company activities.
