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Canada Deposit Insurance Corporation Joint and Trust Account Disclosure By-Law

Version of section 4 from 2006-03-22 to 2010-12-31:

 For the purposes of subsections 3(1) and (2) of the schedule, where a depositor is acting as trustee for a beneficiary, the following information is to be disclosed by the depositor on the records of a member institution before the determination date:

  • (a) a statement that the deposit is held in trust by the trustee or co-trustees; and

  • (b) the name and address of the trustee, or of each of the co-trustees.

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