S-29.02 - Trust Companies and Savings Companies Act

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46. An authorized trust company must adhere to sound and prudent management practices ensuring, in particular, good governance and compliance with the laws governing its activities.
With respect to the company’s financial management, such practices must, in particular, provide that the company maintain
(1)  adequate assets to meet its liabilities, as and when they become due; and
(2)  adequate capital to ensure its sustainability.
2018, c. 232018, c. 23, s. 395.
In force: 2019-06-13
46. An authorized trust company must adhere to sound and prudent management practices ensuring, in particular, good governance and compliance with the laws governing its activities.
With respect to the company’s financial management, such practices must, in particular, provide that the company maintain
(1)  adequate assets to meet its liabilities, as and when they become due; and
(2)  adequate capital to ensure its sustainability.
2018, c. 232018, c. 23, s. 395.