S-29.02 - Trust Companies and Savings Companies Act

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19. Only the following legal persons may obtain the Authority’s authorization if they have at least $5,000,000 in capital:
(1)  business corporations regulated by Title III; and
(2)  legal persons constituted under the laws of a Canadian jurisdiction other than Québec and having the capacity to carry on trust company activities.
For the purposes of this Act,
authorized Québec trust company means a business corporation regulated by Title III that has been authorized by the Authority to carry on trust company activities;
authorized trust company means a legal person referred to in the first paragraph who has been authorized by the Authority to carry on trust company activities.
2018, c. 232018, c. 23, s. 395.
In force: 2019-06-13
19. Only the following legal persons may obtain the Authority’s authorization if they have at least $5,000,000 in capital:
(1)  business corporations regulated by Title III; and
(2)  legal persons constituted under the laws of a Canadian jurisdiction other than Québec and having the capacity to carry on trust company activities.
For the purposes of this Act,
authorized Québec trust company means a business corporation regulated by Title III that has been authorized by the Authority to carry on trust company activities;
authorized trust company means a legal person referred to in the first paragraph who has been authorized by the Authority to carry on trust company activities.
2018, c. 232018, c. 23, s. 395.