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Bank Act

Version of section 300 from 2007-04-20 to 2024-05-28:

Marginal note:Trustee qualifications

 A trustee, or at least one of the trustees if more than one is appointed, must be

  • (a) a trust company pursuant to subsection 57(2) of the Trust and Loan Companies Act; or

  • (b) a body corporate that is incorporated by or under an Act of the legislature of a province and authorized to carry on business as a trustee.

  • 1991, c. 46, ss. 300, 577
  • 2007, c. 6, s. 18

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