Trust and Loan Companies Act (S.C. 1991, c. 45)

Marginal note:Contents of letters patent

• 27. (1) There shall be set out in the letters patent incorporating a company

  • (a) the name of the company;

  • (b) the province in which the head office of the company is to be situated; and

  • (c) the date that the company came, or is to come, into existence.

• Marginal note:Provisions in letters patent

  (2) The Minister may set out in the letters patent incorporating a company any provision not contrary to this Act that the Minister considers advisable in order to take into account the particular circumstances of the proposed company.

• Marginal note:Terms and conditions

  (3) The Minister may impose such terms and conditions in respect of the issuance of letters patent incorporating a company as the Minister considers necessary or appropriate.

Marginal note:Notice of issue of letters patent

28. The Superintendent shall cause to be published in the Canada Gazette a notice of the issuance of letters patent incorporating a company.

Marginal note:First directors

29. The first directors of a company are the directors named in the application for letters patent to incorporate the company.

Marginal note:Effect of letters patent

30. A company comes into existence on the date provided therefor in its letters patent.

Marginal note:Federal corporations

• 31. (1) A body corporate incorporated under the Canada Business Corporations Act or any other Act of Parliament may apply to the Minister for letters patent continuing the body corporate as a company under this Act.

• Marginal note:Other corporations

  (2) A body corporate incorporated otherwise than by or under an Act of Parliament may, if so authorized by the laws of the jurisdiction where it is incorporated, apply to the Minister for letters patent continuing the body corporate as a company under this Act.

Marginal note:Application for continuance

• 32. (1) Where a body corporate applies for letters patent under subsection 31(1) or (2), sections 22 to 26 apply in respect of the application, with such modifications as the circumstances require.

• Marginal note:Special resolution approval

  (2) Where a body corporate applies for letters patent under subsection 31(1) or (2), the application must be duly authorized by a special resolution.

• Marginal note:Copy of special resolution

  (3) A copy of the special resolution referred to in subsection (2) shall be filed with the application.