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S-29.01 - Act respecting trust companies and savings companies
Section 6
Disposition versions
6. In this Act, unless otherwise indicated by the context,
“company” means a savings company or a trust company whether a Québec company or an extra-provincial company;
“deposit” means money received or borrowed by a company by virtue of section 172 or 177;
“extra-provincial company” means a company, other than a Québec company, incorporated in Canada;
“instrument of incorporation” means the articles and any other instrument of incorporation;
“Québec company” means a company incorporated under the laws of Québec or continued under such laws;
“register” means the register referred to in Chapter II of the Act respecting the legal publicity of enterprises (chapter P-44.1);
“senior officer” means the president, vice-president, chairman, vice-chairman, treasurer, assistant treasurer, secretary and assistant secretary of a company or of its board of directors, and any other person designated as such by by-law of the company or by resolution of the board of directors or any person who performs functions similar to those of such officers;
“special resolution” means a resolution that requires at least two thirds of the votes cast at a shareholders’ meeting by the shareholders entitled to vote on the resolution, or a resolution that requires the signature of all such shareholders;
“spouse” means a person who
(1) is married to, or in a civil union with, and cohabits with another person; or
(2) lives in a de facto union with a person of the opposite or the same sex without being married or in a civil union and has been living with that person for at least three years, or for one year if a child has been or is to be born of their union, and is publicly represented as the person’s spouse.
For the purposes of this Act, the word “loan” includes a letter of credit or of guarantee.
For the purposes of sections 69, 72, 74 and 75, a person is an associate of another person where
(1) the person is the spouse of the other, or is the minor child of either;
(2) one person is a legal person and the other is a director or officer thereof or the spouse or minor child of that officer or director;
(3) one person is a legal person and the other person, or the spouse or a minor child of the other person, or a group consisting of that other person, the spouse of that person or such a child, or, in the case of a legal person, a director or officer thereof, holds 10% or more of the shares issued by the legal person;
(4) one person is a partnership and the other is one of the partners;
(5) they are legal persons controlled directly or indirectly by the same person or by persons associated with each other;
(6) they are members of a trust created with a view to exercising voting rights attached to shares in the same legal person or have signed an agreement to that effect;
(7) they are associated within the meaning of paragraphs 1 to 6 with the same person.
6. In this Act, unless otherwise indicated by the context,
“company” means a savings company or a trust company whether a Québec company or an extra-provincial company;
“deposit” means money received or borrowed by a company by virtue of section 172 or 177;
“extra-provincial company” means a company, other than a Québec company, incorporated in Canada;
“instrument of incorporation” means the incorporating Act, the letters patent, the supplementary letters patent, and any other instrument of incorporation;
“Québec company” means a company incorporated under the laws of Québec or continued under such laws;
“register” means the register instituted under the Act respecting the legal publicity of sole proprietorships, partnerships and legal persons (chapter P-45);
“senior officer” means the president, vice-president, chairman, vice-chairman, treasurer, assistant treasurer, secretary and assistant secretary of a company or of its board of directors, and any other person designated as such by by-law of the company or by resolution of the board of directors or any person who performs functions similar to those of such officers;
“spouse” means a person who
(1) is married to, or in a civil union with, and cohabits with another person; or
(2) lives in a de facto union with a person of the opposite or the same sex without being married or in a civil union and has been living with that person for at least three years, or for one year if a child has been or is to be born of their union, and is publicly represented as the person’s spouse;
For the purposes of this Act, the word “loan” includes a letter of credit or of guarantee.
For the purposes of sections 69, 72, 74 and 75, a person is an associate of another person where
(1) the person is the spouse of the other, or is the minor child of either;
(2) one person is a legal person and the other is a director or officer thereof or the spouse or minor child of that officer or director;
(3) one person is a legal person and the other person, or the spouse or a minor child of the other person, or a group consisting of that other person, the spouse of that person or such a child, or, in the case of a legal person, a director or officer thereof, holds 10% or more of the shares issued by the legal person;
(4) one person is a partnership and the other is one of the partners;
(5) they are legal persons controlled directly or indirectly by the same person or by persons associated with each other;
(6) they are members of a trust created with a view to exercising voting rights attached to shares in the same legal person or have signed an agreement to that effect;
(7) they are associated within the meaning of paragraphs 1 to 6 with the same person.
6. In this Act, unless otherwise indicated by the context,
“capital base” means the shareholders’ equity plus or minus the assets or liabilities prescribed by regulation of the Government;
“company” means a savings company or a trust company whether a Québec company or an extra-provincial company;
“deposit” means money received or borrowed by a company by virtue of section 172 or 177;
“extra-provincial company” means a company, other than a Québec company, incorporated in Canada;
“instrument of incorporation” means the incorporating Act, the letters patent, the supplementary letters patent, and any other instrument of incorporation;
“Québec company” means a company incorporated under the laws of Québec or continued under such laws;
“register” means the register instituted under the Act respecting the legal publicity of sole proprietorships, partnerships and legal persons (chapter P-45);
“senior officer” means the president, vice-president, chairman, vice-chairman, treasurer, assistant treasurer, secretary and assistant secretary of a company or of its board of directors, and any other person designated as such by by-law of the company or by resolution of the board of directors or any person who performs functions similar to those of such officers;
“spouse” means a person who
(1) is married to, or in a civil union with, and cohabits with another person; or
(2) lives in a de facto union with a person of the opposite or the same sex without being married or in a civil union and has been living with that person for at least three years, or for one year if a child has been or is to be born of their union, and is publicly represented as the person’s spouse;
For the purposes of this Act, the word “loan” includes a letter of credit or of guarantee.
For the purposes of sections 69, 72, 74 and 75, a person is an associate of another person where
(1) the person is the spouse of the other, or is the minor child of either;
(2) one person is a legal person and the other is a director or officer thereof or the spouse or minor child of that officer or director;
(3) one person is a legal person and the other person, or the spouse or a minor child of the other person, or a group consisting of that other person, the spouse of that person or such a child, or, in the case of a legal person, a director or officer thereof, holds 10 % or more of the shares issued by the legal person;
(4) one person is a partnership and the other is one of the partners;
(5) they are legal persons controlled directly or indirectly by the same person or by persons associated with each other;
(6) they are members of a trust created with a view to exercising voting rights attached to shares in the same legal person or have signed an agreement to that effect;
(7) they are associated within the meaning of paragraphs 1 to 6 with the same person.
6. In this Act, unless otherwise indicated by the context,
“capital base” means the shareholders’ equity plus or minus the assets or liabilities prescribed by regulation of the Government;
“company” means a savings company or a trust company whether a Québec company or an extra-provincial company;
“deposit” means money received or borrowed by a company by virtue of section 172 or 177;
“extra-provincial company” means a company, other than a Québec company, incorporated in Canada;
“instrument of incorporation” means the incorporating Act, the letters patent, the supplementary letters patent, and any other instrument of incorporation;
“Québec company” means a company incorporated under the laws of Québec or continued under such laws;
“register” means the register instituted under the Act respecting the legal publicity of sole proprietorships, partnerships and legal persons (chapter P-45);
“senior officer” means the president, vice-president, chairman, vice-chairman, treasurer, assistant treasurer, secretary and assistant secretary of a company or of its board of directors, and any other person designated as such by by-law of the company or by resolution of the board of directors or any person who performs functions similar to those of such officers;
“spouse” means a person who
(1) is married to and cohabits with another person; or
(2) lives in a de facto union with a person of the opposite or the same sex and has been living with that person for at least three years, or for one year if a child has been or is to be born of their union, and is publicly represented as the person’s spouse;
For the purposes of this Act, the word “loan” includes a letter of credit or of guarantee.
For the purposes of sections 69, 72, 74 and 75, a person is an associate of another person where
(1) the person is the spouse of the other, or is the minor child of either;
(2) one person is a legal person and the other is a director or officer thereof or the spouse or minor child of that officer or director;
(3) one person is a legal person and the other person, or the spouse or a minor child of the other person, or a group consisting of that other person, the spouse of that person or such a child, or, in the case of a legal person, a director or officer thereof, holds 10 % or more of the shares issued by the legal person;
(4) one person is a partnership and the other is one of the partners;
(5) they are legal persons controlled directly or indirectly by the same person or by persons associated with each other;
(6) they are members of a trust created with a view to exercising voting rights attached to shares in the same legal person or have signed an agreement to that effect;
(7) they are associated within the meaning of paragraphs 1 to 6 with the same person.
6. In this Act, unless otherwise indicated by the context,
“capital base” means the shareholders’ equity plus or minus the assets or liabilities prescribed by regulation of the Government;
“company” means a savings company or a trust company whether a Québec company or an extra-provincial company;
“deposit” means money received or borrowed by a company by virtue of section 172 or 177;
“extra-provincial company” means a company, other than a Québec company, incorporated in Canada;
“instrument of incorporation” means the incorporating Act, the letters patent, the supplementary letters patent, and any other instrument of incorporation;
“Québec company” means a company incorporated under the laws of Québec or continued under such laws;
“register” means the register instituted under the Act respecting the legal publicity of sole proprietorships, partnerships and legal persons (chapter P-45);
“senior officer” means the president, vice-president, chairman, vice-chairman, treasurer, assistant treasurer, secretary and assistant secretary of a company or of its board of directors, and any other person designated as such by by-law of the company or by resolution of the board of directors or any person who performs functions similar to those of such officers;
“spouse” means a person who
(1) is married to and cohabits with another person; or
(2) cohabits with but is not married to another person, has been living with that person for at least three years, or for one year if a child has been or is to be born of their union, and is publicly represented as the person’s spouse;
For the purposes of this Act, the word “loan” includes a letter of credit or of guarantee.
For the purposes of sections 69, 72, 74 and 75, a person is an associate of another person where
(1) the person is the spouse of the other, or is the minor child of either;
(2) one person is a legal person and the other is a director or officer thereof or the spouse or minor child of that officer or director;
(3) one person is a legal person and the other person, or the spouse or a minor child of the other person, or a group consisting of that other person, the spouse of that person or such a child, or, in the case of a legal person, a director or officer thereof, holds 10 % or more of the shares issued by the legal person;
(4) one person is a partnership and the other is one of the partners;
(5) they are legal persons controlled directly or indirectly by the same person or by persons associated with each other;
(6) they are members of a trust created with a view to exercising voting rights attached to shares in the same legal person or have signed an agreement to that effect;
(7) they are associated within the meaning of paragraphs 1 to 6 with the same person.
6. In this Act, unless otherwise indicated by the context,
“capital base” means the shareholders’ equity plus or minus the assets or liabilities prescribed by regulation of the Government;
“company” means a savings company or a trust company whether a Québec company or an extra-provincial company;
“deposit” means money received or borrowed by a company by virtue of section 172 or 177;
“extra-provincial company” means a company, other than a Québec company, incorporated in Canada;
“instrument of incorporation” means the incorporating Act, the letters patent, the supplementary letters patent, and any other instrument of incorporation;
“Québec company” means a company incorporated under the laws of Québec or continued under such laws;
“senior officer” means the president, vice-president, chairman, vice-chairman, treasurer, assistant treasurer, secretary and assistant secretary of a company or of its board of directors, and any other person designated as such by by-law of the company or by resolution of the board of directors or any person who performs functions similar to those of such officers;
“spouse” means a person who
(1) is married to and cohabits with another person; or
(2) cohabits with but is not married to another person, has been living with that person for at least three years, or for one year if a child has been or is to be born of their union, and is publicly represented as the person’s spouse;
For the purposes of this Act, the word “loan” includes a letter of credit or of guarantee.
For the purposes of sections 69, 72, 74 and 75, a person is an associate of another person where
(1) the person is the spouse of the other, or is the minor child of either;
(2) one person is a legal person and the other is a director or officer thereof or the spouse or minor child of that officer or director;
(3) one person is a legal person and the other person, or the spouse or a minor child of the other person, or a group consisting of that other person, the spouse of that person or such a child, or, in the case of a legal person, a director or officer thereof, holds 10 % or more of the shares issued by the legal person;
(4) one person is a partnership and the other is one of the partners;
(5) they are legal persons controlled directly or indirectly by the same person or by persons associated with each other;
(6) they are members of a trust created with a view to exercising voting rights attached to shares in the same legal person or have signed an agreement to that effect;
(7) they are associated within the meaning of paragraphs 1 to 6 with the same person.
