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S-29.02 - Trust Companies and Savings Companies Act

Section 134
Disposition versions

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134. On receipt of a notice referred to in the first paragraph of section 128 or, if the Authority receives it before the expiry of the period specified in that section, not later than 30 days before an operation provided for in that paragraph, the Authority publishes the notice in its bulletin and reviews the authorization it has granted to the company to determine whether it can be maintained.
The Authority may, to maintain its authorization, require any undertaking it considers necessary to ensure compliance with this Act.
A notice of intention to carry out an acquisition or a transfer of assets having a significant effect on an authorized Québec trust company is not published.
2018, c. 23, s. 395; 2021, c. 34, s. 127.
134. On receipt from an authorized trust company of a notice of intention to carry out one or more operations giving rise to a review referred to in section 126 and, if applicable, the required documents, costs and fees, the Authority publishes the notice in its bulletin and reviews the authorization it has granted to the company to determine whether it can be maintained.
The Authority may, to maintain its authorization, require any undertaking it considers necessary to ensure compliance with this Act.
A notice of intention to carry out an acquisition or a transfer of assets having a significant effect on an authorized Québec trust company is not published.
2018, c. 23, s. 395.
In force: 2019-06-13
134. On receipt from an authorized trust company of a notice of intention to carry out one or more operations giving rise to a review referred to in section 126 and, if applicable, the required documents, costs and fees, the Authority publishes the notice in its bulletin and reviews the authorization it has granted to the company to determine whether it can be maintained.
The Authority may, to maintain its authorization, require any undertaking it considers necessary to ensure compliance with this Act.
A notice of intention to carry out an acquisition or a transfer of assets having a significant effect on an authorized Québec trust company is not published.
2018, c. 23, s. 395.
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