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S-29.01 - Act respecting trust companies and savings companies

Section 178
Disposition versions

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178. The capital accumulated for the payment of a fixed-term annuity is unseizable in the hands of the trust company as if it were a fixed-term annuity transacted by an insurer.
For the capital to be exempt from seizure, a person must be designated, in accordance with article 2457 or 2458 of the Civil Code, as qualified to receive the capital or the related annuity following the death of the annuitant or the person who furnishes the capital.
1987, c. 95, s. 178; 2005, c. 51, s. 5.
178. Moneys constituting fixed-term annuities are unseizable in the hands of the trust company as fixed-term annuities transacted by insurers.
1987, c. 95, s. 178.
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