S-29.01 - Act respecting trust companies and savings companies

Section 170 Disposition versions

1999-10-22

170. Every Québec trust company and, if its instrument of incorporation so authorizes, every extra-provincial trust company may, in addition to its activities as tutor or curator to property, liquidator, syndic, sequestrator, adviser to a person of full age, trustee or fiduciary provided for in its instrument of incorporation, carry on any accessory activity or activity related to that of administrator of the property of others or of financial intermediary and, in particular,

(1)  act as mandatary and administer any property for the account of others;

(2)  act as depositary for the safekeeping of securities, collection agent, real estate broker or agent for the registration or transfer of securities;

(3)  offer and administer savings plans registered under the Taxation Act (chapter I-3) or the Income Tax Act (Revised Statutes of Canada, 1985, chapter 1, 5th Supplement);

(4)  enter into contracts for the payment of fixed-term annuities;

(5)  offer investment counselling services and portfolio management services and act as securities dealer, on such conditions as the Minister may impose;

(5.1)  act as a firm or distributor or hold a restricted certificate in accordance with the Act respecting the distribution of financial products and services (chapter D-9.2);

(6)  furnish judicial recognizances for the benefit of parties requiring them, and extra-judicial security for the performance of contracts;

(7)  engage in leasing operations;

(8)  issue debit or credit cards and assume the management thereof.

The Government may also, after obtaining the advice of the Minister, authorize a company, a specific group of companies or all the companies subject to this Act to carry on any other activity. The Government shall publish in the Gazette officielle du Québec, at least 45 days before the passing of an order to that effect, a notice stating its intention. An order passed to authorize the carrying on of additional activities comes into force 15 days after its publication in the Gazette officielle du Québec.

1987, c. 95, s. 170; 1989, c. 54, s. 190; 1992, c. 57, s. 695; 1998, c. 37, s. 532; 1999, c. 40, s. 304.

1999-10-01

170. Every Québec trust company and, if its instrument of incorporation so authorizes, every extra-provincial trust company may, in addition to its activities as tutor or curator to property, liquidator, syndic, liquidator of a succession, sequestrator, adviser to a person of full age, trustee or fiduciary provided for in its instrument of incorporation, carry on any accessory activity or activity related to that of administrator of the property of others or of financial intermediary and, in particular,

(1)  act as mandatary and administer any movable or immovable property for the account of others;

(2)  act as depositary for the safekeeping of securities, collection agent, real estate broker or agent for the registration or transfer of securities;

(3)  offer and administer savings plans registered under the Taxation Act (chapter I-3) or the Income Tax Act (Revised Statutes of Canada, 1985, chapter 1, 5th Supplement);

(4)  enter into contracts for the payment of fixed-term annuities;

(5)  offer investment counselling services and portfolio management services and act as securities dealer, on such conditions as the Minister may impose;

(5.1)  act as a firm or distributor or hold a restricted certificate in accordance with the Act respecting the distribution of financial products and services (chapter D-9.2);

(6)  furnish judicial recognizances for the benefit of parties requiring them, and extra-judicial security for the performance of contracts;

(7)  engage in leasing operations;

(8)  issue debit or credit cards and assume the management thereof.

The Government may also, after obtaining the advice of the Minister, authorize a company, a specific group of companies or all the companies subject to this Act to carry on any other activity. The Government shall publish in the Gazette officielle du Québec, at least 45 days before the passing of an order to that effect, a notice stating its intention. An order passed to authorize the carrying on of additional activities comes into force 15 days after its publication in the Gazette officielle du Québec.

1987, c. 95, s. 170; 1989, c. 54, s. 190; 1992, c. 57, s. 695; 1998, c. 37, s. 532.

1994-03-01

170. Every Québec trust company and, if its instrument of incorporation so authorizes, every extra-provincial trust company may, in addition to its activities as tutor or curator to property, liquidator, syndic, liquidator of a succession, sequestrator, adviser to a person of full age, trustee or fiduciary provided for in its instrument of incorporation, carry on any accessory activity or activity related to that of administrator of the property of others or of financial intermediary and, in particular,

(1)  act as mandatary and administer any movable or immovable property for the account of others;

(2)  act as depositary for the safekeeping of securities, collection agent, real estate broker or agent for the registration or transfer of securities;

(3)  offer and administer savings plans registered under the Taxation Act (chapter I-3) or the Income Tax Act (Revised Statutes of Canada, 1985, chapter 1, 5th Supplement);

(4)  enter into contracts for the payment of fixed-term annuities;

(5)  offer investment counselling services and portfolio management services and act as securities dealer, on such conditions as the Minister may impose;

(6)  furnish judicial recognizances for the benefit of parties requiring them, and extra-judicial security for the performance of contracts;

(7)  engage in leasing operations;

(8)  issue debit or credit cards and assume the management thereof.

The Government may also, after obtaining the advice of the Minister, authorize a company, a specific group of companies or all the companies subject to this Act to carry on any other activity. The Government shall publish in the Gazette officielle du Québec, at least 45 days before the passing of an order to that effect, a notice stating its intention. An order passed to authorize the carrying on of additional activities comes into force 15 days after its publication in the Gazette officielle du Québec.

1987, c. 95, s. 170; 1989, c. 54, s. 190; 1992, c. 57, s. 695.

1994-01-01

170. Every Québec trust company and, if its instrument of incorporation so authorizes, every extra-provincial trust company may, in addition to its activities as tutor or curator to property, liquidator, syndic, liquidator of a succession, sequestrator, adviser to a person of full age, trustee or fiduciary provided for in its instrument of incorporation, carry on any accessory activity or activity related to that of administrator of the property of others or of financial intermediary and, in particular,

(1)  act as mandatary and administer any movable or immovable property for the account of others;

(2)  act as depositary for the safekeeping of securities, collection agent, real estate broker or agent for the registration or transfer of securities;

(3)  offer and administer savings plans registered under the Taxation Act (chapter I-3) or the Income Tax Act (Statutes of Canada, 1970-1971-1972, chapter 63);

(4)  enter into contracts for the payment of fixed-term annuities;

(5)  offer investment counselling services and portfolio management services and act as securities dealer, on such conditions as the Minister may impose;

(6)  furnish judicial recognizances for the benefit of parties requiring them, and extra-judicial security for the performance of contracts;

(7)  engage in leasing operations;

(8)  issue debit or credit cards and assume the management thereof.

The Government may also, after obtaining the advice of the Minister, authorize a company, a specific group of companies or all the companies subject to this Act to carry on any other activity. The Government shall publish in the Gazette officielle du Québec, at least 45 days before the passing of an order to that effect, a notice stating its intention. An order passed to authorize the carrying on of additional activities comes into force 15 days after its publication in the Gazette officielle du Québec.

1987, c. 95, s. 170; 1989, c. 54, s. 190; 1992, c. 57, s. 695.

1990-04-15

170. Every Québec trust company and, if its instrument of incorporation so authorizes, every extra-provincial trust company may, in addition to its activities as tutor to property, subrogated tutor or curator to property, liquidator, syndic, liquidator of a succession, sequestrator, adviser to a person of full age, trustee or fiduciary provided for in its instrument of incorporation, carry on any accessory activity or activity related to that of administrator of the property of others or of financial intermediary and, in particular,

(1)  act as mandatary and administer any movable or immovable property for the account of others;

(2)  act as depositary for the safekeeping of securities, collection agent, real estate broker or agent for the registration or transfer of securities;

(3)  offer and administer savings plans registered under the Taxation Act (chapter I-3) or the Income Tax Act (Statutes of Canada, 1970-1971-1972, chapter 63);

(4)  enter into contracts for the payment of fixed-term annuities;

(5)  offer investment counselling services and portfolio management services and act as securities dealer, on such conditions as the Minister may impose;

(6)  furnish judicial recognizances for the benefit of parties requiring them, and extra-judicial security for the performance of contracts;

(7)  engage in leasing operations;

(8)  issue debit or credit cards and assume the management thereof.

The Government may also, after obtaining the advice of the Minister, authorize a company, a specific group of companies or all the companies subject to this Act to carry on any other activity. The Government shall publish in the Gazette officielle du Québec, at least 45 days before the passing of an order to that effect, a notice stating its intention. An order passed to authorize the carrying on of additional activities comes into force 15 days after its publication in the Gazette officielle du Québec.

1987, c. 95, s. 170; 1989, c. 54, s. 190.

1988-06-09

170. Every Québec trust company and, if its instrument of incorporation so authorizes, every extra-provincial trust company may, in addition to its activities as tutor to property, subrogated tutor or curator to property, liquidator, syndic, liquidator of a succession, sequestrator, judicial counsel, trustee or fiduciary provided for in its instrument of incorporation, carry on any accessory activity or activity related to that of administrator of the property of others or of financial intermediary and, in particular,

(1)  act as mandatary and administer any movable or immovable property for the account of others;

(2)  act as depositary for the safekeeping of securities, collection agent, real estate broker or agent for the registration or transfer of securities;

(3)  offer and administer savings plans registered under the Taxation Act (chapter I-3) or the Income Tax Act (Statutes of Canada, 1970-1971-1972, chapter 63);

(4)  enter into contracts for the payment of fixed-term annuities;

(5)  offer investment counselling services and portfolio management services and act as securities dealer, on such conditions as the Minister may impose;

(6)  furnish judicial recognizances for the benefit of parties requiring them, and extra-judicial security for the performance of contracts;

(7)  engage in leasing operations;

(8)  issue debit or credit cards and assume the management thereof.

The Government may also, after obtaining the advice of the Minister, authorize a company, a specific group of companies or all the companies subject to this Act to carry on any other activity. The Government shall publish in the Gazette officielle du Québec, at least 45 days before the passing of an order to that effect, a notice stating its intention. An order passed to authorize the carrying on of additional activities comes into force 15 days after its publication in the Gazette officielle du Québec.

1987, c. 95, s. 170.