S-29.02 - Trust Companies and Savings Companies Act

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229. To obtain the Minister’s permission, a regulated corporation must file an application for permission with the Authority.
The corporation must, in the application, show that the parties to contracts it has entered into in accordance with the authorization granted to it by the Authority, the persons on whom rights are conferred by any other act made in accordance with that authorization, or its other creditors or its shareholders will not suffer injury as a result of the continuance.
2018, c. 232018, c. 23, s. 395.
In force: 2019-06-13
229. To obtain the Minister’s permission, a regulated corporation must file an application for permission with the Authority.
The corporation must, in the application, show that the parties to contracts it has entered into in accordance with the authorization granted to it by the Authority, the persons on whom rights are conferred by any other act made in accordance with that authorization, or its other creditors or its shareholders will not suffer injury as a result of the continuance.
2018, c. 232018, c. 23, s. 395.