Consolidated Statutes and Regulations Consolidated Statutes Consolidated Regulations Annual Statutes and Regulations Annual Statutes Annual Regulations Additional information Québec Official Publisher What’s new? Information note Policy of the Minister of Justice Laws: Amendments Laws: Provisions not in force Laws: Provisions brought into force Annual Statutes: PDF versions since 1996 Regulations: Amendments Annual Regulations: PDF versions since 1996 Court Decisions

S-29.01 - Act respecting trust companies and savings companies

Section 203
Disposition versions

Full text
203. (Repealed).
1987, c. 95, s. 203; 1988, c. 84, s. 695; 1996, c. 2, s. 938; 2002, c. 45, s. 590; 2002, c. 75, s. 33; 2002, c. 45, s. 590; 2004, c. 37, s. 90; 2008, c. 7, s. 112.
203. At least 60% of the assets of a Québec company must consist of
(1)  hypothecary claims which meet the criteria contemplated in section 205;
(2)  securities issued or guaranteed by the government of Canada or of a province or territory of Canada or by any of their agencies or by a municipality in Canada;
(3)  securities on which payment in principal and interest is guaranteed by the grant of a subsidy by the Gouvernement du Québec payable out of the sums voted each year for that purpose by the National Assembly;
(4)  securities on which payment is insured by the levy of a tax by a municipality, by a school board or by the Comité de gestion de la taxe scolaire de l’île de Montréal under a law of Canada or a Canadian province or territory on property situated in the territory of the municipality, the school board or a school board of the island of Montréal;
(5)   bank deposits and debt securities the payment of which is guaranteed by a bank listed in Schedule I, II or III to the Bank Act (Statutes of Canada, 1991, chapter 46) and registered with the Canada Deposit Insurance Corporation;
(6)  debt securities issued or secured by an institution registered with the Autorité des marchés financiers pursuant to the Deposit Insurance Act (chapter A‐26) or that is a member of the Canada Deposit Insurance Corporation, and deposits with those institutions;
(7)  interest bearing debt securities traded on the market.
The Government may, by regulation, determine a minimum or maximum limit for each class of items described in subparagraphs 1 to 7 of the first paragraph.
1987, c. 95, s. 203; 1988, c. 84, s. 695; 1996, c. 2, s. 938; 2002, c. 45, s. 590; 2002, c. 75, s. 33; 2002, c. 45, s. 590; 2004, c. 37, s. 90.
203. At least 60 % of the assets of a Québec company must consist of
(1)  hypothecary claims which meet the criteria contemplated in section 205;
(2)  securities issued or guaranteed by the government of Canada or of a province or territory of Canada or by any of their agencies or by a municipality in Canada;
(3)  securities on which payment in principal and interest is guaranteed by the grant of a subsidy by the Gouvernement du Québec payable out of the sums voted each year for that purpose by the National Assembly;
(4)  securities on which payment is insured by the levy of a tax by a municipality, by a school board or by the Comité de gestion de la taxe scolaire de l’île de Montréal under a law of Canada or a Canadian province or territory on property situated in the territory of the municipality, the school board or a school board of the island of Montréal;
(5)   bank deposits and debt securities the payment of which is guaranteed by a bank listed in Schedule I, II or III to the Bank Act (Statutes of Canada, 1991, chapter 46) and registered with the Canada Deposit Insurance Corporation;
(6)  debt securities issued or secured by an institution registered with the Agence nationale d’encadrement du secteur financier pursuant to the Deposit Insurance Act (chapter A-26) or that is a member of the Canada Deposit Insurance Corporation, and deposits with those institutions;
(7)  interest bearing debt securities traded on the market.
The Government may, by regulation, determine a minimum or maximum limit for each class of items described in subparagraphs 1 to 7 of the first paragraph.
1987, c. 95, s. 203; 1988, c. 84, s. 695; 1996, c. 2, s. 938; 2002, c. 45, s. 590; 2002, c. 75, s. 33; 2002, c. 45, s. 590.
203. At least 60 % of the assets of a Québec company must consist of
(1)  hypothecary claims which meet the criteria contemplated in section 205;
(2)  securities issued or guaranteed by the government of Canada or of a province or territory of Canada or by any of their agencies or by a municipality in Canada;
(3)  securities on which payment in principal and interest is guaranteed by the grant of a subsidy by the Gouvernement du Québec payable out of the sums voted each year for that purpose by the National Assembly;
(4)  securities on which payment is insured by the levy of a tax by a municipality, by a school board or by the Comité de gestion de la taxe scolaire de l’île de Montréal under a law of Canada or a Canadian province or territory on property situated in the territory of the municipality, the school board or a school board of the island of Montréal;
(5)   bank deposits and debt securities the payment of which is guaranteed by a bank listed in Schedule I, II or III to the Bank Act (Statutes of Canada, 1991, chapter 46) and registered with the Canada Deposit Insurance Corporation;
(6)  debt securities issued or secured by an institution registered with the Régie de l’assurance-dépôts du Québec or that is a member of the Canada Deposit Insurance Corporation, and deposits with those institutions;
(7)  interest bearing debt securities traded on the market.
The Government may, by regulation, determine a minimum or maximum limit for each class of items described in subparagraphs 1 to 7 of the first paragraph.
1987, c. 95, s. 203; 1988, c. 84, s. 695; 1996, c. 2, s. 938; 2002, c. 45, s. 590; 2002, c. 75, s. 33.
203. At least 60 % of the assets of a Québec company must consist of
(1)  hypothecary claims which meet the criteria contemplated in section 205;
(2)  securities issued or guaranteed by the government of Canada or of a province or territory of Canada or by any of their agencies or by a municipality in Canada;
(3)  securities on which payment in principal and interest is guaranteed by the grant of a subsidy by the Gouvernement du Québec payable out of the sums voted each year for that purpose by the National Assembly;
(4)  securities on which payment is insured by the levy of a tax by a municipality, by a school board or by the Conseil scolaire de l’île de Montréal under a law of Canada or a Canadian province or territory on property situated in the territory of the municipality, the school board or a school board of the island of Montréal;
(5)   bank deposits and debt securities the payment of which is guaranteed by a bank listed in Schedule I, II or III to the Bank Act (Statutes of Canada, 1991, chapter 46) and registered with the Canada Deposit Insurance Corporation;
(6)  debt securities issued or secured by an institution registered with the Régie de l’assurance-dépôts du Québec or that is a member of the Canada Deposit Insurance Corporation, and deposits with those institutions;
(7)  interest bearing debt securities traded on the market.
The Government may, by regulation, determine a minimum or maximum limit for each class of items described in subparagraphs 1 to 7 of the first paragraph.
1987, c. 95, s. 203; 1988, c. 84, s. 695; 1996, c. 2, s. 938; 2002, c. 45, s. 590.
203. At least 60 % of the assets of a Québec company must consist of
(1)  hypothecary claims which meet the criteria contemplated in section 205;
(2)  securities issued or guaranteed by the government of Canada or of a province or territory of Canada or by any of their agencies or by a municipality in Canada;
(3)  securities on which payment in principal and interest is guaranteed by the grant of a subsidy by the Gouvernement du Québec payable out of the sums voted each year for that purpose by the National Assembly;
(4)  securities on which payment is insured by the levy of a tax by a municipality, by a school board or by the Conseil scolaire de l’île de Montréal under a law of Canada or a Canadian province or territory on property situated in the territory of the municipality, the school board or a school board of the island of Montréal;
(5)  bank deposits and debt securities the payment of which is guaranteed by a bank;
(6)  debt securities issued or secured by an institution registered with the Régie de l’assurance-dépôts du Québec or that is a member of the Canada Deposit Insurance Corporation, and deposits with those institutions;
(7)  interest bearing debt securities traded on the market.
The Government may, by regulation, determine a minimum or maximum limit for each class of items described in subparagraphs 1 to 7 of the first paragraph.
1987, c. 95, s. 203; 1988, c. 84, s. 695; 1996, c. 2, s. 938.
203. At least 60 % of the assets of a Québec company must consist of
(1)  hypothecary claims which meet the criteria contemplated in section 205;
(2)  securities issued or guaranteed by the government of Canada or of a province or territory of Canada or by any of their agencies or by a municipal corporation in Canada;
(3)  securities on which payment in principal and interest is guaranteed by the grant of a subsidy by the Gouvernement du Québec payable out of the sums voted each year for that purpose by the National Assembly;
(4)  securities on which payment is insured by the levy of a tax by a municipal corporation, by a school board or by the Conseil scolaire de l’île de Montréal under a law of Canada or a Canadian province or territory on property situated in the territory of the municipal corporation, the school board or a school board of the island of Montréal;
(5)  bank deposits and debt securities the payment of which is guaranteed by a bank;
(6)  debt securities issued or secured by an institution registered with the Régie de l’assurance-dépôts du Québec or that is a member of the Canada Deposit Insurance Corporation, and deposits with those institutions;
(7)  interest bearing debt securities traded on the market.
The Government may, by regulation, determine a minimum or maximum limit for each class of items described in subparagraphs 1 to 7 of the first paragraph.
1987, c. 95, s. 203; 1988, c. 84, s. 695.
203. At least 60 % of the assets of a Québec company must consist of
(1)  hypothecary claims which meet the criteria contemplated in section 205;
(2)  securities issued or guaranteed by the Government of Canada or of a province or territory of Canada or by any of their agencies or by a municipal corporation in Canada;
(3)  securities on which payment in principal and interest is guaranteed by the grant of a subsidy by the Gouvernement du Québec payable out of the sums voted each year for that purpose by the National Assembly of Québec;
(4)  securities on which payment is insured by the levy of a tax by a school or municipal corporation under a law of Canada or a Canadian province or territory on property situated in the territory of the municipal or school corporation;
(5)  bank deposits and debt securities the payment of which is guaranteed by a bank;
(6)  debt securities issued or secured by an institution registered with the Régie de l’assurance-dépôts du Québec or that is a member of the Canada Deposit Insurance Corporation, and deposits with those institutions;
(7)  interest bearing debt securities traded on the market.
The Government may, by regulation, determine a minimum or maximum limit for each class of items described in subparagraphs 1 to 7 of the first paragraph.
1987, c. 95, s. 203.
© Gouvernement du Québec