S-29.01 - Act respecting trust companies and savings companies

Full text
133. The Minister, after obtaining the advice of the Authority, may on the conditions he determines authorize a loan, an acquisition of securities or a contract contemplated in section 120. His authorization cannot contemplate funds administered for others, except deposits.
The Minister must be satisfied that the transaction is necessary for the improvement or maintenance of the financial situation of the company.
1987, c. 95, s. 133; 2002, c. 45, s. 611; 2004, c. 37, s. 90.
133. The Minister, after obtaining the advice of the Agency, may on the conditions he determines authorize a loan, an acquisition of securities or a contract contemplated in section 120. His authorization cannot contemplate funds administered for others, except deposits.
The Minister must be satisfied that the transaction is necessary for the improvement or maintenance of the financial situation of the company.
1987, c. 95, s. 133; 2002, c. 45, s. 611.
133. The Minister, after obtaining the advice of the Inspector General, may on the conditions he determines authorize a loan, an acquisition of securities or a contract contemplated in section 120. His authorization cannot contemplate funds administered for others, except deposits.
The Minister must be satisfied that the transaction is necessary for the improvement or maintenance of the financial situation of the company.
1987, c. 95, s. 133.