S-29.02 - Trust Companies and Savings Companies Act

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89. An authorized Québec trust company, when doing business with natural persons or groups that are restricted parties with respect to it, must act in the same manner as it would when dealing at arm’s length.
Consequently, a contract entered into between the company and a natural person or group that is a restricted party with respect to it may not be less advantageous for the company than if it had been entered into at arm’s length.
2018, c. 232018, c. 23, s. 395.
In force: 2019-06-13
89. An authorized Québec trust company, when doing business with natural persons or groups that are restricted parties with respect to it, must act in the same manner as it would when dealing at arm’s length.
Consequently, a contract entered into between the company and a natural person or group that is a restricted party with respect to it may not be less advantageous for the company than if it had been entered into at arm’s length.
2018, c. 232018, c. 23, s. 395.