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S-29.01 - Act respecting trust companies and savings companies

Section 2
Disposition versions

Full text
2. This Act also applies to every company which borrows money from the public in the form of deposits for the purposes of loans and investments and which is required to register with the Autorité des marchés financiers pursuant to the Deposit Insurance Act (chapter A‐26) in order to carry on that activity.
Every legal person authorized to carry on the activity described in the first paragraph is a savings company.
1987, c. 95, s. 2; 2002, c. 45, s. 566; 2004, c. 37, s. 90.
2. This Act also applies to every company which borrows money from the public in the form of deposits for the purposes of loans and investments and which is required to register with the Agence nationale d’encadrement du secteur financier pursuant to the Deposit Insurance Act (chapter A-26) in order to carry on that activity.
Every legal person authorized to carry on the activity described in the first paragraph is a savings company.
1987, c. 95, s. 2; 2002, c. 45, s. 566.
2. This Act also applies to every company which borrows money from the public in the form of deposits for the purposes of loans and investments and which is required to register with the Régie de l’assurance-dépôts du Québec in order to carry on that activity.
Every legal person authorized to carry on the activity described in the first paragraph is a savings company.
1987, c. 95, s. 2.
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