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S-29.01 - Act respecting trust companies and savings companies

Section 187
Disposition versions

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187. Unless prohibited by the instrument constituting the administration, a trust company may
(1)  group together moneys which it administers for others for the purposes of loans or investments;
(2)  invest moneys from different accounts which it administers or holds for others, except deposits, in an investment fund which it creates and manages.
The company must obtain the consent of every person acting jointly with it as administrator of the property of others to make a loan or investment under this section.
1987, c. 95, s. 187; 2006, c. 50, s. 136.
187. Unless prohibited by the instrument constituting the administration, a trust company may
(1)  group together moneys which it administers for others for the purposes of loans or investments;
(2)  invest moneys from different accounts which it administers or holds for others, except deposits, in a mutual investment fund which it creates and manages.
The company must obtain the consent of every person acting jointly with it as administrator of the property of others to make a loan or investment under this section.
1987, c. 95, s. 187.
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