CCQ-1991 - Civil Code of Québec

Section 2713.6 Disposition versions

2019-06-13

2713.6. A financial account is an account, other than a securities account within the meaning of the Act respecting the transfer of securities and the establishment of security entitlements (chapter T-11.002), to which amounts of money are or may be credited and for which the person maintaining the account, being the debtor of the credit balance, undertakes to consider the account holder as being authorized to exercise the rights relating to that balance.

Banks and financial services cooperatives, as well as brokers, trust companies authorized under the Trust Companies and Savings Companies Act (chapter S-29.02), deposit institutions authorized under the Deposit Institutions and Deposit Protection Act (chapter I-13.2.2) and persons who, in the ordinary course of their business, maintain financial accounts for others are persons maintaining a financial account.

2015, c. 8, s. 361; 2018, c. 23, s. 715.

2016-01-01

2713.6. A financial account is an account, other than a securities account within the meaning of the Act respecting the transfer of securities and the establishment of security entitlements (chapter T-11.002), to which amounts of money are or may be credited and for which the person maintaining the account, being the debtor of the credit balance, undertakes to consider the account holder as being authorized to exercise the rights relating to that balance.

Banks and financial services cooperatives, as well as brokers, trust companies, savings companies and persons who, in the ordinary course of their business, maintain financial accounts for others are persons maintaining a financial account.

2015, c. 8, s. 361.