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S-29.01 - Act respecting trust companies and savings companies

Section 181
Disposition versions

Full text
181. A company shall not dispose gratuitously of property entrusted to it unless the power to do so results from the nature of its administration, or except in the case of objects of little value disposed of in the interest of the beneficiary or the object pursued.
A company shall not, without valuable consideration, waive a right belonging to the beneficiary or forming part of the patrimony under administration.
1987, c. 95, s. 181.
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