Consolidated Statutes and Regulations Consolidated Statutes Consolidated Regulations Annual Statutes and Regulations Annual Statutes Annual Regulations Additional information Québec Official Publisher What’s new? Information note Policy of the Minister of Justice Laws: Amendments Laws: Provisions not in force Laws: Provisions brought into force Annual Statutes: PDF versions since 1996 Regulations: Amendments Annual Regulations: PDF versions since 1996 Court Decisions

S-29.01 - Act respecting trust companies and savings companies

Section 142
Disposition versions

Full text
142. No company may during its administration enter into a contract affecting the administered property or acquire rights in the property or against the beneficiary except by succession.
A company may, notwithstanding the first paragraph, be expressly authorized by the beneficiary or the court to enter into such a contract or acquire such rights where a beneficiary is unable to act or fails to act.
1987, c. 95, s. 142.
© Gouvernement du Québec