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S-29.01 - Act respecting trust companies and savings companies

Section 145
Disposition versions

Full text
145. Unless expressly authorized by the instrument creating the administration, a trust company shall not invest funds administered by it for another person in its own shares or in debt securities contemplated in subparagraphs 1 and 2 of the first paragraph of section 193 issued by it or in the shares or securities of legal persons affiliated with it, nor shall it lend such funds on the security of such securities.
1987, c. 95, s. 145.
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