S-29.01 - Act respecting trust companies and savings companies

Section 228 Disposition versions

2004-12-17

228. In addition to the requirements of section 227, an extra-provincial company applying for a licence must

(1)  give the Authority written authorization to carry out such inspections and examinations as it deems necessary, in accordance with sections 305 to 308, at the head office of the company or of its subsidiary, wherever that may be, or in the branch offices, and undertake in its own name and in the name of its subsidiaries by resolution of the board of directors to furnish any information to the Authority that it requires and to observe the prescriptions of this Act, the regulations thereunder of the Government, the written orders and directives of the Authority and the terms and conditions attached to the licence;

(2)  show that its name or the French version of its name appearing in its instrument of incorporation conforms to the norms applicable to the name of a Québec company or that it has adopted, subject to the Acts that are applicable to it, an assumed name that conforms to the above requirements;

(3)  undertake not to carry on any activity authorized by the law governing it or its instrument of incorporation that Québec companies are not authorized to carry on under this Act, except with authorization given by the Minister, on the conditions he determines, after obtaining the advice of the Authority.

1987, c. 95, s. 228; 2002, c. 45, s. 611; 2004, c. 37, s. 90.

2004-02-01

228. In addition to the requirements of section 227, an extra-provincial company applying for a licence must

(1)  give the Agency written authorization to carry out such inspections and examinations as it deems necessary, in accordance with sections 305 to 308, at the head office of the company or of its subsidiary, wherever that may be, or in the branch offices, and undertake in its own name and in the name of its subsidiaries by resolution of the board of directors to furnish any information to the Agency that it requires and to observe the prescriptions of this Act, the regulations thereunder of the Government, the written orders and directives of the Agency and the terms and conditions attached to the licence;

(2)  show that its name or the French version of its name appearing in its instrument of incorporation conforms to the norms applicable to the name of a Québec company or that it has adopted, subject to the Acts that are applicable to it, an assumed name that conforms to the above requirements;

(3)  undertake not to carry on any activity authorized by the law governing it or its instrument of incorporation that Québec companies are not authorized to carry on under this Act, except with authorization given by the Minister, on the conditions he determines, after obtaining the advice of the Agency.

1987, c. 95, s. 228; 2002, c. 45, s. 611.

1988-06-09

228. In addition to the requirements of section 227, an extra-provincial company applying for a licence must

(1)  give the Inspector General written authorization to carry out such inspections and examinations as he deems necessary, in accordance with sections 305 to 308, at the head office of the company or of its subsidiary, wherever that may be, or in the branch offices, and undertake in its own name and in the name of its subsidiaries by resolution of the board of directors to furnish any information to the Inspector General that he requires and to observe the prescriptions of this Act, the regulations thereunder of the Government, the written orders and directives of the Inspector General and the terms and conditions attached to the licence;

(2)  show that its name or the French version of its name appearing in its instrument of incorporation conforms to the norms applicable to the name of a Québec company or that it has adopted, subject to the Acts that are applicable to it, an assumed name that conforms to the above requirements;

(3)  undertake not to carry on any activity authorized by the law governing it or its instrument of incorporation that Québec companies are not authorized to carry on under this Act, except with authorization given by the Minister, on the conditions he determines, after obtaining the advice of the Inspector General.

1987, c. 95, s. 228.