S-29.02 - Trust Companies and Savings Companies Act

Full text
56. Despite article 1262 of the Civil Code, an authorized trust company may establish a trust by resolution or by any other unilateral act.
Despite article 1275 of the Civil Code, a trust company that, further to such an act, is the settlor and trustee of the trust is not required to act jointly with a trustee who is neither the settlor nor a beneficiary.
2018, c. 232018, c. 23, s. 395.
In force: 2019-06-13
56. Despite article 1262 of the Civil Code, an authorized trust company may establish a trust by resolution or by any other unilateral act.
Despite article 1275 of the Civil Code, a trust company that, further to such an act, is the settlor and trustee of the trust is not required to act jointly with a trustee who is neither the settlor nor a beneficiary.
2018, c. 232018, c. 23, s. 395.