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S-29.01 - Act respecting trust companies and savings companies

Section 172
Disposition versions

Full text
172. Every Québec savings company and any other savings company that has capacity to do so may borrow money from the public in the form of deposits within the meaning of the Deposit Insurance Act (chapter A‐26) and the regulations thereunder.
The company may issue debt securities in respect of the money received under the first paragraph.
The company may also borrow money by an issue of bonds.
In the event of the winding-up of the company, all such debt securities and bonds rank equally.
The company may exercise such powers, however, only if it is registered with the Autorité des marchés financiers pursuant to the Deposit Insurance Act.
1987, c. 95, s. 172; 1999, c. 40, s. 304; 2002, c. 45, s. 587; 2004, c. 37, s. 90.
172. Every Québec savings company and any other savings company that has capacity to do so may borrow money from the public in the form of deposits within the meaning of the Deposit Insurance Act (chapter A-26) and the regulations thereunder.
The company may issue debt securities in respect of the money received under the first paragraph.
The company may also borrow money by an issue of bonds.
In the event of the winding-up of the company, all such debt securities and bonds rank equally.
The company may exercise such powers, however, only if it is registered with the Agence nationale d’encadrement du secteur financier pursuant to the Deposit Insurance Act.
1987, c. 95, s. 172; 1999, c. 40, s. 304; 2002, c. 45, s. 587.
172. Every Québec savings company and any other savings company that has capacity to do so may borrow money from the public in the form of deposits within the meaning of the Deposit Insurance Act (chapter A-26) and the regulations thereunder.
The company may issue debt securities in respect of the money received under the first paragraph.
The company may also borrow money by an issue of bonds.
In the event of the winding-up of the company, all such debt securities and bonds rank equally.
The company may exercise such powers, however, only if it is registered with the Régie de l’assurance-dépôts du Québec.
1987, c. 95, s. 172; 1999, c. 40, s. 304.
172. Every Québec savings company and any other savings company that has capacity to do so may borrow money from the public in the form of deposits within the meaning of the Deposit Insurance Act (chapter A-26) and the regulations thereunder.
The company may issue debt securities in respect of the money received under the first paragraph.
The company may also borrow money by an issue of debentures.
In the event of the winding-up of the company, all such debt securities and debentures rank equally.
The company may exercise such powers, however, only if it is registered with the Régie de l’assurance-dépôts du Québec.
1987, c. 95, s. 172.
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