jswizzle3737/ontario_laws_and_regs huggingface dataset:
3 This Act applies to all corporations.  2001, c. 8, s. 54. Section Amendments with date in force (d/m/y) 2001, c. 8, s. 54 - 01/08/2008
4 This Act does not apply to a body corporate that is authorized, constituted or operated for the purpose of lending money on the security of real estate or for the purpose of investing money in mortgages, where the body corporate borrows only by way of, (a)  loans from banks, corporations, insurance companies or credit unions within the meaning of the Credit Unions and Caisses Populaires Act, 2020; or (b)  the issue of debentures, notes or like obligations of an amount not less than $100,000 each to any one person on the person’s account, whereby the body corporate is not obligated or cannot by demand of the holder be obligated to repay the money secured by the debenture, note or obligation within five years from the date of its issue.  R.S.O. 1990, c. L.25, s. 4; 2020, c. 36, Sched. 7, s. 318 (2). Section Amendments with date in force (d/m/y) 2020, c. 36, Sched. 7, s. 318 (2) - 01/03/2022 5 Repealed:  2001, c. 8, s. 55. Section Amendments with date in force (d/m/y) 2001, c. 8, s. 55 - 29/06/2001 6 Repealed:  2001, c. 8, s. 56. Section Amendments with date in force (d/m/y) 2001, c. 8, s. 56 - 29/06/2001 7 Repealed:  2001, c. 8, s. 57. Section Amendments with date in force (d/m/y) 2001, c. 8, s. 57 - 29/06/2001 8, 9 Repealed:  2001, c. 8, s. 58. Section Amendments with date in force (d/m/y) 2001, c. 8, s. 58
- 01/08/2008 10 Repealed:  2001, c. 8, s. 59. Section Amendments with date in force (d/m/y) 1997, c. 19, s. 13 (2) - 01/12/1997; 1999, c. 12, Sched. I, s. 5 (3) - 22/12/1999 2001, c. 8, s. 59
- 01/08/2008 11-13 Repealed:  2001, c. 8, s. 60. Section Amendments with date in force (d/m/y) 2001, c. 8, s. 60
- 01/08/2008 14, 15 Repealed:  2001, c. 8, s. 61. Section Amendments with date in force (d/m/y) 2001, c. 8, s. 61
- 01/08/2008 16 Repealed:  2001, c. 8, s. 62. Section Amendments with date in force (d/m/y) 1997, c. 23, s. 9 - 28/11/1997 2001, c. 8, s. 62
- 01/08/2008 17, 18 Repealed:  2001, c. 8, s. 63. Section Amendments with date in force (d/m/y) 2001, c. 8, s. 63
- 01/08/2008 19-28 Repealed:  2001, c. 8, s. 64. Section Amendments with date in force (d/m/y) 2001, c. 8, s. 64
- 01/08/2008 29 Repealed:  2001, c. 8, s. 65. Section Amendments with date in force (d/m/y) 2001, c. 8, s. 65 - 01/08/2008 29.1 Repealed:  2001, c. 8, s. 66. Section Amendments with date in force (d/m/y) 1997, c. 28, s. 150 - 01/01/1998 2001, c. 8, s. 66 - 01/08/2008 PART IV   REGISTRATION
30 (1) The duty of determining, distinguishing and registering the corporations that under this Act are required to be registered and may be acceptable for registration, and of granting registration accordingly, is upon the Chief Executive Officer.  R.S.O. 1990, c. L.25, s. 30 (1); 2018, c. 8, Sched. 16, s. 5. Registers continued (2) The registers known in English as the Loan Corporations Register and the Trust Corporations Register and in French as Registre des compagnies de prêt and Registre des compagnies de fiducie respectively are continued under the names Loan Corporations Register and Trust Corporations Register in English and Registre des sociétés de prêt and Registre des sociétés de fiducie in French respectively.  R.S.O. 1990, c. L.25, s. 30 (2). Duty to keep registers (3) The Chief Executive Officer shall keep the registers and shall record the following information in the register indicated: 1.  In the Loan Corporations Register, the name of each loan corporation that has been granted registration and such other particulars as may be prescribed. 2.  In the Trust Corporations Register, the name of each trust corporation that has been granted registration and such other particulars as may be prescribed.  2001, c. 8, s. 67 (1); 2018, c. 8, Sched. 16, s. 5. Idem (4) A corporation may be registered in either the Loan Corporations Register or the Trust Corporations Register.  R.S.O. 1990, c. L.25, s. 30 (4). Idem (5) The Chief Executive Officer shall note in the appropriate register, (a)  Repealed: 2001, c. 8, s. 67 (2). (b)  the fact that the registration of a corporation has been revoked; (c)  the fact that a registered loan corporation has been continued as a registered trust corporation or vice versa.  R.S.O. 1990, c. L.25, s. 30 (5); 2001, c. 8, s. 67 (2); 2018, c. 8, Sched. 16, s. 5. Section Amendments with date in force (d/m/y) 2001, c. 8, s. 67 (1, 2)
- 01/08/2008 2018, c. 8, Sched. 16, s. 5 - 08/06/2019
31 (1) A corporation incorporated under the Trust and Loan Companies Act
(Canada) may apply for initial registration as a loan corporation or as a trust corporation.  2001, c. 8, s. 68 (1). Change (2) A registered loan corporation may apply to change its registration to that of a trust corporation and a registered trust corporation may apply to change its registration to that of a loan corporation.  R.S.O. 1990, c. L.25, s. 31 (2). (3) Repealed:  2001, c. 8, s. 68 (2). (4) Repealed:  2001, c. 8, s. 68 (3). Material to be furnished (5) An application for registration shall follow the form approved by the Chief Executive Officer and shall be filed with the Chief Executive Officer together with such information, material and evidence as the form may specify.  R.S.O. 1990, c. L.25, s. 31 (5); 1997, c. 19, s. 13 (2); 1999, c. 12, Sched. I, s. 5 (3); 2018, c. 8, Sched. 16, s. 5. Notice, additional information (6) Where the Chief Executive Officer receives an application for the registration, the Chief Executive Officer may require notice of the application, containing such information as the Chief Executive Officer may require, to be published by the applicant in The Ontario Gazette and in a newspaper having general circulation in the locality in Ontario where the principal place of business of the corporation is located or is to be located.  R.S.O. 1990, c. L.25, s. 31 (6); 2001, c. 8, s. 68 (4); 2018, c. 8, Sched. 16, s. 5. (7)-(9) Repealed:  2001, c. 8, s. 68 (5). Section Amendments with date in force (d/m/y) 1997, c. 19, s. 13 (2) - 01/12/1997; 1999, c. 12, Sched. I, s. 5 (3) - 22/12/1999 2001, c. 8, s. 68 (1, 3, 5) - 29/06/2001; 2001, c. 8, s. 68 (2, 4)
- 01/08/2008 2018, c. 8, Sched. 16, s. 5 - 08/06/2019
31.1 (1) A corporation that applies for registration under section 31 is entitled to be registered if the corporation has the authority to carry on business under the Trust and Loan Companies Act (Canada) and if the corporation meets the requirements described in subsection 31 (5).  2001, c. 8, s. 69. Same, trust corporations (2) No corporation shall be registered as a trust corporation unless the corporation is authorized to act as a trustee under the Trust and Loan Companies Act (Canada).  2001, c. 8, s. 69. Section Amendments with date in force (d/m/y) 2001, c. 8, s. 69 - 29/06/2001 32 Repealed:  2001, c. 8, s. 70 (2). Section Amendments with date in force (d/m/y) 1997, c. 19, s. 13 (2) - 01/12/1997; 1999, c. 12, Sched. I, s. 5 (3) - 22/12/1999 2001, c. 8, s. 70 (1)
- 29/06/2001; 2001, c. 8, s. 70 (2)
- 01/08/2008 33, 34 Repealed:  2001, c. 8, s. 71. Section Amendments with date in force (d/m/y) 2001, c. 8, s. 71
- 29/06/2001 35 Repealed:  2001, c. 8, s. 72 (2). Section Amendments with date in force (d/m/y) 2001, c. 8, s. 72 (1) - 29/06/2001; 2001, c. 8, s. 72 (2)
- 01/08/2008
36 The Chief Executive Officer may revoke the registration of a registered corporation at the request of the corporation.  2001, c. 8, s. 73; 2018, c. 8, Sched. 16, s. 5. Section Amendments with date in force (d/m/y) 2001, c. 8, s. 73 - 01/08/2008 2018, c. 8, Sched. 16, s. 5 - 08/06/2019
155 Money received by a trust corporation as a deposit shall be deemed to be held by it in trust for its depositors and the trust corporation shall be deemed to guarantee the repayment thereof.  2001, c. 8, s. 124. Section Amendments with date in force (d/m/y) 1994, c. 17, s. 111 - 01/12/1997; 1997, c. 19, s. 13 (13) - 01/12/1997 2001, c. 8, s. 124
- 01/08/2008 156 Repealed:  2001, c. 8, s. 125. Section Amendments with date in force (d/m/y) 2001, c. 8, s. 125 - 01/08/2008 157 Repealed:  2001, c. 8, s. 126. Section Amendments with date in force (d/m/y) 1994, c. 17, s. 112 - 01/12/1997; 1997, c. 19, s. 13 (10) - 01/12/1997 2001, c. 8, s. 126
- 01/08/2008 158 Repealed:  2001, c. 8, s. 127. Section Amendments with date in force (d/m/y) 1994, c. 17, s. 113 - 01/12/1997; 1997, c. 19, s. 13 (10) - 01/12/1997 2001, c. 8, s. 127
- 01/08/2008 159 Repealed:  2001, c. 8, s. 128. Section Amendments with date in force (d/m/y) 1994, c. 17, s. 114 - 01/12/1997; 1997, c. 19, s. 13 (10, 14) - 01/12/1997 2001, c. 8, s. 128
- 01/08/2008 160 Repealed:  2001, c. 8, s. 129. Section Amendments with date in force (d/m/y) 1997, c. 19, s. 13 (10) - 01/12/1997 2001, c. 8, s. 129 - 01/08/2008 161 Repealed:  2001, c. 8, s. 130. Section Amendments with date in force (d/m/y) 1994, c. 17, s. 115 (1, 2) - 01/12/1997; 1997, c. 19, s. 13 (10) - 01/12/1997 2001, c. 8, s. 130
- 01/08/2008 162 Repealed:  2001, c. 8, s. 131. Section Amendments with date in force (d/m/y) 1994, c. 17, s. 116 - 01/12/1997; 1997, c. 19, s. 13 (10) - 01/12/1997 2001, c. 8, s. 131
- 01/08/2008 163 Repealed:  2001, c. 8, s. 132. Section Amendments with date in force (d/m/y) 1994, c. 17, s. 117 - 01/12/1997; 1997, c. 19, s. 13 (10) - 01/12/1997 2001, c. 8, s. 132
- 01/08/2008 164 Repealed:  2001, c. 8, s. 133. Section Amendments with date in force (d/m/y) 1994, c. 17, s. 117 - 01/12/1997; 1997, c. 19, s. 13 (10) - 01/12/1997 2001, c. 8, s. 133 - 01/08/2008 165 Repealed:  2001, c. 8, s. 134. Section Amendments with date in force (d/m/y) 1994, c. 17, s. 117 - 01/12/1997; 1997, c. 19, s. 13 (10) - 01/12/1997 2001, c. 8, s. 134 - 01/08/2008 166-169 Repealed:  1994, c. 17, s. 117. Section Amendments with date in force (d/m/y) 1994, c. 17, s. 117 - 01/12/1997 170 Repealed:  2001, c. 8, s. 135. Section Amendments with date in force (d/m/y) 1997, c. 19, s. 13 (15) - 01/12/1997 2001, c. 8, s. 135 - 01/08/2008 171 Repealed:  2001, c. 8, s. 136. Section Amendments with date in force (d/m/y) 1997, c. 19, s. 13 (10) - 01/12/1997 2001, c. 8, s. 136 - 01/08/2008 172 Repealed:  2001, c. 8, s. 137. Section Amendments with date in force (d/m/y) 2001, c. 8, s. 137 - 01/08/2008
173 (1) Despite this or any other Act, a registered provincial trust corporation and any other registered trust corporation that has capacity to do so may, unless the trust instrument otherwise directs, invest money held by it as a fiduciary, other than deposits, in one or more common trust funds of the trust corporation and, where trust money is held by the trust corporation as a co-trustee, the investment thereof in a common trust fund may only be made by the trust corporation with the consent of its co-trustees.  R.S.O. 1990, c. L.25, s. 173 (1). Exception (2) A common trust fund authorized by subsection (1) shall not include any money in relation to a trust established exclusively for savings plans registered under the Income Tax Act
(Canada).  R.S.O. 1990, c. L.25, s. 173 (2). (3)-(11) Repealed:  2001, c. 8, s. 138. Section Amendments with date in force (d/m/y) 2001, c. 8, s. 138
- 01/08/2008 2006, c. 19, Sched. C, s. 1 (1) - 22/06/2006 174 Repealed:  2001, c. 8, s. 139. Section Amendments with date in force (d/m/y) 2001, c. 8, s. 139 - 29/06/2001
175 (1) Repealed:  2001, c. 8, s. 140. Approval of the corporation as executor, etc. (2) Where a registered trust corporation is authorized to execute the office of executor, administrator, trustee, receiver, liquidator, assignee, guardian or committee, and the Lieutenant Governor in Council approves of the corporation being accepted as a trust corporation for the purposes of the Superior Court of Justice, every court or judge having authority to appoint such an officer may, with the consent of the corporation, appoint the corporation to exercise any of such offices in respect of any estate or person under the authority of such court or judge, or may grant to the corporation probate of any will in which the corporation is named as an executor.  R.S.O. 1990, c. L.25, s. 175 (2); 2006, c. 19, Sched. C, s. 1 (1). Appointment as trustee (3) A registered trust corporation approved by the Lieutenant Governor in Council under subsection (2), (a)  may be appointed to be a sole trustee, even though but for this Act it would be necessary to appoint more than one trustee; and (b)  may be appointed to any of the offices mentioned in subsection (2) jointly with another person, and the appointment may be made whether the trustee is required under a deed, will or document creating a trust or whether the appointment is under the Trustee Act or otherwise.  R.S.O. 1990, c. L.25, s. 175 (3). Security not required (4) Despite any rule, practice or statutory provision, it is not necessary for a trust corporation approved under subsection (2) to give any security for the due performance of its duty as executor, administrator, trustee, receiver, liquidator, assignee, guardian or committee unless so ordered by a court.  R.S.O. 1990, c. L.25, s. 175 (4). Section Amendments with date in force (d/m/y) 2001, c. 8, s. 140
- 29/06/2001 2006, c. 19, Sched. C, s. 1 (1) - 22/06/2006
176 (1) A registered corporation is not bound to see to the execution of any trust, whether express, implied or constructive, other than a trust to which the corporation is a party, to which any of its deposits are subject.  R.S.O. 1990, c. L.25, s. 176 (1). Sufficient discharge (2) The receipt of the person in whose name any deposit stands in the books of the corporation to which subsection (1) applies is a sufficient discharge to the corporation for any payment made in respect thereof, and a direction to transfer, signed by the person in whose name any such deposit stands in the books of the corporation, is sufficient authority to the corporation for any transfer made in respect thereof, despite any trust to which the same may then be subject and whether the corporation has or has not had notice of the trust.  R.S.O. 1990, c. L.25, s. 176 (2). Application of money paid (3) A corporation is not bound to see to the application of any money paid upon a receipt under subsection (2).  R.S.O. 1990, c. L.25, s. 176 (3). 176.1 Repealed:  2001, c. 8, s. 141. Section Amendments with date in force (d/m/y) 1999, c. 12, Sched. I, s. 5 (1) - no effect - see 2001, c. 8, s. 141
- 01/08/2008 2001, c. 8, s. 141 - 01/08/2008 176.2 Repealed:  2001, c. 8, s. 142. Section Amendments with date in force (d/m/y) 1999, c. 12, Sched. I, s. 5 (1) - no effect - see 2001, c. 8, s. 142 - 01/08/2008 2001, c. 8, s. 142 - 01/08/2008 176.3 Repealed:  2001, c. 8, s. 143. Section Amendments with date in force (d/m/y) 1999, c. 12, Sched. I, s. 5 (1) - no effect - see 2001, c. 8, s. 143 - 01/08/2008 2001, c. 8, s. 143 - 01/08/2008 176.4 Repealed:  2001, c. 8, s. 144. Section Amendments with date in force (d/m/y) 1999, c. 12, Sched. I, s. 5 (1) - no effect - see 2001, c. 8, s. 144 - 01/08/2008 2001, c. 8, s. 144 - 01/08/2008 176.5 Repealed:  2001, c. 8, s. 145. Section Amendments with date in force (d/m/y) 1999, c. 12, Sched. I, s. 5 (1) - no effect - see 2001, c. 8, s. 145 - 01/08/2008 2001, c. 8, s. 145 - 01/08/2008 176.6 Repealed:  2001, c. 8, s. 146. Section Amendments with date in force (d/m/y) 1999, c. 12, Sched. I, s. 5 (1) - no effect - see 2001, c. 8, s. 146 - 01/08/2008 2001, c. 8, s. 146 - 01/08/2008 176.7 Repealed:  2001, c. 8, s. 147. Section Amendments with date in force (d/m/y) 1999, c. 12, Sched. I, s. 5 (1) - no effect - see 2001, c. 8, s. 147 - 01/08/2008 2001, c. 8, s. 147 - 01/08/2008 176.8 Repealed:  2001, c. 8, s. 148. Section Amendments with date in force (d/m/y) 1999, c. 12, Sched. I, s. 5 (1) - no effect - see 2001, c. 8, s. 148 - 01/08/2008 2001, c. 8, s. 148 - 01/08/2008 176.9 Repealed:  2001, c. 8, s. 149. Section Amendments with date in force (d/m/y) 1999, c. 12, Sched. I, s. 5 (1) - no effect - see 2001, c. 8, s. 149 - 01/08/2008 2001, c. 8, s. 149 - 01/08/2008 176.10 Repealed:  2001, c. 8, s. 150. Section Amendments with date in force (d/m/y) 1999, c. 12, Sched. I, s. 5 (1) - no effect - see 2001, c. 8, s. 150 - 01/08/2008 2001, c. 8, s. 150 - 01/08/2008 PART XI   ADMINISTRATION 177-179 Repealed:  1997, c. 28, s. 151. Section Amendments with date in force (d/m/y) 1997, c. 28, s. 151 - 01/07/1998
180 The Chief Executive Officer may, for the purposes of the administration and enforcement of this Act and the regulations, act outside Ontario as if the Chief Executive Officer were acting inside Ontario.  1997, c. 28, s. 152; 2018, c. 8, Sched. 16, s. 5. Section Amendments with date in force (d/m/y) 1997, c. 28, s. 152 - 01/07/1998 2018, c. 8, Sched. 16, s. 5 - 08/06/2019
181 (1) Records required by this Act to be prepared and maintained by the Chief Executive Officer may be in bound or loose-leaf form or in photographic film form, or may be entered or recorded by any system of mechanical or electronic data processing or by any other information storage device that is capable of reproducing any required information in an accurate and intelligible form within a reasonable time.  R.S.O. 1990, c. L.25, s. 181 (1); 1997, c. 28, s. 153 (1); 2018, c. 8, Sched. 16, s. 5. (2), (3) Repealed:  1997, c. 28, s. 153 (2). Section Amendments with date in force (d/m/y) 1997, c. 28, s. 153 (1, 2) - 01/07/1998 2018, c. 8, Sched. 16, s. 5 - 08/06/2019
182 (1) In pursuance of his or her duties under this Act, the Chief Executive Officer may require to be made or may take and receive affidavits or depositions and may examine witnesses upon oath or affirmation.  R.S.O. 1990, c. L.25, s. 182 (1); 1997, c. 28, s. 154; 2018, c. 8, Sched. 16, s. 5. Employment of stenographer (2) The evidence and proceedings in any matter before the Chief Executive Officer may be reported by a stenographer who has taken an oath or has affirmed before the Chief Executive Officer faithfully to report the same.  R.S.O. 1990, c. L.25, s. 182 (2); 1997, c. 28, s. 154; 2018, c. 8, Sched. 16, s. 5. Section Amendments with date in force (d/m/y) 1997, c. 28, s. 154 - 01/07/1998 2018, c. 8, Sched. 16, s. 5 - 08/06/2019 183 Repealed:  2001, c. 8, s. 151. Section Amendments with date in force (d/m/y) 1997, c. 28, s. 155 - 01/07/1998 2001, c. 8, s. 151
- 01/08/2008 184 Repealed:  2001, c. 8, s. 152. Section Amendments with date in force (d/m/y) 2001, c. 8, s. 152 - 01/08/2008 185 Repealed:  2001, c. 8, s. 153. Section Amendments with date in force (d/m/y) 1997, c. 28, s. 156 - 01/07/1998 2001, c. 8, s. 153 - 01/08/2008 186 Repealed:  2001, c. 8, s. 154. Section Amendments with date in force (d/m/y) 1997, c. 28, s. 157 (1, 2) - 01/07/1998 2001, c. 8, s. 154
- 01/08/2008 187 Repealed:  2001, c. 8, s. 155. Section Amendments with date in force (d/m/y) 1997, c. 28, s. 158 - 01/07/1998 2001, c. 8, s. 155
- 01/08/2008 188 Repealed:  2001, c. 8, s. 156. Section Amendments with date in force (d/m/y) 1997, c. 19, s. 13 (16) - 01/12/1997 2001, c. 8, s. 156 - 01/08/2008
189 (1) A notice published in The Ontario Gazette over the name of the Chief Executive Officer is of its contents proof, in the absence of evidence to the contrary, without further proof.  R.S.O. 1990, c. L.25, s. 189 (1); 2018, c. 8, Sched. 16, s. 5. (2), (3) Repealed:  1997, c. 28, s. 159. Section Amendments with date in force (d/m/y) 1997, c. 28, s. 159 - 01/07/1998 2018, c. 8, Sched. 16, s. 5 - 08/06/2019
190 The Authority, with the approval of the Lieutenant Governor in Council, may enter into agreements with the Government of Canada or of any province or territory in Canada, or the appropriate authority thereof, related to the administration and enforcement of this Act or of comparable legislation of any such other jurisdiction and, without restricting the generality of the foregoing, any such agreement may provide for the provision and exchange of information.  R.S.O. 1990, c. L.25, s. 190; 1997, c. 28, s. 160; 2018, c. 8, Sched. 16, s. 2. Section Amendments with date in force (d/m/y) 1997, c. 28, s. 160 - 01/07/1998 2018, c. 8, Sched. 16, s. 2 - 08/06/2019
191 (1) The Chief Executive Officer may do all things necessary or incidental to the administration and enforcement of this Act and the regulations and, in particular, but without limiting the generality of the foregoing, may, (a)  Repealed:  2001, c. 8, s. 157. (b)  enter into written agreements with third parties related to the administration of this Act and the regulations and give indemnities to third parties related to such activities as are authorized under such agreements.  R.S.O. 1990, c. L.25, s. 191 (1); 2001, c. 8, s. 157; 2018, c. 8, Sched. 16, s. 5. (2) Repealed:  1997, c. 28, s. 161. Section Amendments with date in force (d/m/y) 1997, c. 28, s. 161 - 01/07/1998 2001, c. 8, s. 157
- 01/08/2008 2018, c. 8, Sched. 16, s. 5 - 08/06/2019 PART XII   ENFORCEMENT AND CIVIL REMEDIES
192 (1) If, in the Chief Executive Officer’s opinion, a corporation or other person is committing any act or pursuing any course of conduct that does not comply with this Act or the regulations, the Chief Executive Officer may give notice to the corporation or person of an intention to order him, her or it, (a)  to cease committing an act or to cease pursuing a course of conduct identified by the Chief Executive Officer; or (b)  to perform such acts as, in the Chief Executive Officer’s opinion, are necessary to remedy the situation.  2001, c. 8, s. 158 (1); 2018, c. 8, Sched. 16, s. 5, 6. Hearing (2) The corporation or other person, by written notice served on the Chief Executive Officer within fifteen days after the service of the notice on the corporation or other person under subsection (1), may require a hearing before the Chief Executive Officer.  R.S.O. 1990, c. L.25, s. 192 (2); 1997, c. 28, s. 162; 2018, c. 8, Sched. 16, s. 5. Temporary order (3) Despite subsection (2), where in the opinion of the Chief Executive Officer the interests of the depositors or the public may be prejudiced or adversely affected by any delay in the issuance of a permanent order, the Chief Executive Officer may make a temporary order as described in clause (1) (a) or (b) which shall take effect immediately on its making and which shall become permanent on the fifteenth day after its making unless within that time a hearing before the Chief Executive Officer is requested.  R.S.O. 1990, c. L.25, s. 192 (3); 1997, c. 28, s. 162; 2018, c. 8, Sched. 16, s. 5. When order may be made (4) Where no hearing is requested within the time set out in subsection (2) or (3), or where a hearing is held and the Chief Executive Officer is of the opinion that an order described in clause (1) (a) or (b) should be made, the Chief Executive Officer may make a permanent order under either of those clauses which shall take effect immediately on its making or at such later date as may be set out in the order.  R.S.O. 1990, c. L.25, s. 192 (4); 1997, c. 28, s. 162; 2018, c. 8, Sched. 16, s. 5. Hearing (5) A request for a hearing under subsection (3) shall be in writing and served on the Chief Executive Officer.  R.S.O. 1990, c. L.25, s. 192 (5); 1997, c. 28, s. 162; 2018, c. 8, Sched. 16, s. 5. Extension of order (6) Where a hearing is requested under subsection (3), the Chief Executive Officer may extend the temporary order until the hearing is concluded or any appeal from the hearing is concluded and the order is confirmed, varied or revoked.  R.S.O. 1990, c. L.25, s. 192 (6); 1997, c. 28, s. 162; 2018, c. 8, Sched. 16, s. 5. (7) Repealed:  2001, c. 8, s. 158 (2). Modification or revocation (8) The Chief Executive Officer, after giving the corporation or other person named in the order an opportunity to be heard, may modify or revoke an order made under this section.  R.S.O. 1990, c. L.25, s. 192 (8); 1997, c. 28, s. 162; 2018, c. 8, Sched. 16, s. 5. Section Amendments with date in force (d/m/y) 1997, c. 28, s. 162 - 01/07/1998 2001, c. 8, s. 158 (1, 2) - 01/08/2008 CTS 23 FE 17 - 1 2018, c. 8, Sched. 16, s. 5, 6 - 08/06/2019
193 (1) A party to a hearing before the Chief Executive Officer under section 192 may, within 15 days after receiving the Chief Executive Officer’s decision, appeal the decision to the Tribunal by serving a notice in writing of the appeal on the Chief Executive Officer and filing the notice with the Tribunal.  1997, c. 28, s. 163; 2018, c. 8, Sched. 16, s. 5, 6. Disposition (2) An appeal shall be based on the evidence presented to the Tribunal and on hearing an appeal, the Tribunal may confirm, vary or revoke the order that is the subject of the appeal.  1997, c. 28, s. 163. Section Amendments with date in force (d/m/y) 1997, c. 28, s. 163 - 01/07/1998 2018, c. 8, Sched. 16, s. 5, 6 - 08/06/2019
194 (1) A decision made by the Chief Executive Officer under this Act must be in writing and is not subject to appeal.  2001, c. 8, s. 159; 2018, c. 8, Sched. 16, s. 5. Exception (2) Subsection (1) does not apply to an order under section 192.  2001, c. 8, s. 159. Section Amendments with date in force (d/m/y) 1997, c. 19, s. 13 (10) - 01/12/1997; 1997, c. 28, s. 164 - 01/07/1998 2001, c. 8, s. 159
- 01/08/2008 2018, c. 8, Sched. 16, s. 5 - 08/06/2019
195 The Chief Executive Officer is entitled to attend and to be represented by counsel at any hearing before the Tribunal.  1997, c. 28, s. 165; 2018, c. 8, Sched. 16, s. 5. Section Amendments with date in force (d/m/y) 1997, c. 28, s. 165 - 01/07/1998 2018, c. 8, Sched. 16, s. 5 - 08/06/2019
196 Oral evidence taken before the Chief Executive Officer or the Tribunal may be recorded and, if recorded, copies of a transcript of it shall be furnished upon request on the same terms and for the same fees as in the Superior Court of Justice.  1997, c. 28, s. 165; 2006, c. 19, Sched. C, s. 1 (1); 2018, c. 8, Sched. 16, s. 5. Section Amendments with date in force (d/m/y) 1997, c. 28, s. 165 - 01/07/1998 2006, c. 19, Sched. C, s. 1 (1) - 22/06/2006 2018, c. 8, Sched. 16, s. 5 - 08/06/2019
197 A hearing before the Chief Executive Officer or the Tribunal, at the discretion of the Chief Executive Officer or the chair of the Tribunal, as the case may be, may be heard in private or in public.  1997, c. 28, s. 165; 2018, c. 8, Sched. 16, s. 5. Section Amendments with date in force (d/m/y) 1997, c. 28, s. 165 - 01/07/1998 2018, c. 8, Sched. 16, s. 5 - 08/06/2019 198 Repealed:  2001, c. 8, s. 160. Section Amendments with date in force (d/m/y) 1997, c. 28, s. 166 - 01/07/1998 2001, c. 8, s. 160
- 01/08/2008 199 Repealed:  2001, c. 8, s. 161. Section Amendments with date in force (d/m/y) 1997, c. 28, s. 167 - 01/07/1998 2001, c. 8, s. 161
- 01/08/2008 200, 201 Repealed:  2001, c. 8, s. 162. Section Amendments with date in force (d/m/y) 2001, c. 8, s. 162
- 01/08/2008 202 Repealed:  2001, c. 8, s. 163. Section Amendments with date in force (d/m/y) 1997, c. 28, s. 168 - 01/07/1998 2001, c. 8, s. 163
- 01/08/2008 203 Repealed:  2001, c. 8, s. 164. Section Amendments with date in force (d/m/y) 1997, c. 19, s. 13 (10) - 01/12/1997 2001, c. 8, s. 164
- 01/08/2008 2006, c. 19, Sched. C, s. 1 (1) - 22/06/2006 204 Repealed:  2001, c. 8, s. 165. Section Amendments with date in force (d/m/y) 2001, c. 8, s. 165 - 01/08/2008 205 Repealed:  2001, c. 8, s. 166. Section Amendments with date in force (d/m/y) 1997, c. 28, s. 169 - 01/07/1998 2001, c. 8, s. 166
- 01/08/2008
207 No action or other proceeding for damages shall be instituted against a person appointed under subsection 206 (1) or (7) for any act done in good faith in the execution or intended execution of the person’s duty or for any alleged neglect or default in the execution in good faith of the person’s duty.  R.S.O. 1990, c. L.25, s. 207.
213 (1) No person, other than a registered corporation, shall conduct, undertake or transact in Ontario the business of a loan corporation or of a trust corporation.  R.S.O. 1990, c. L.25, s. 213 (1). Acting as trustee, etc., prohibited (2) No body corporate, other than a registered trust corporation, shall, (a)  offer its services to the public as, or accept or execute the office of, (i)  executor or administrator, or (ii)  guardian of property; or (b)  act as a trustee in respect of any service it provides to the public.  R.S.O. 1990, c. L.25, s. 213 (2); 1996, c. 2, s. 70 (2). Exception (3) Clause (2) (b) does not apply to, (a)  a body corporate that is acting as a trustee as provided under Part V of the Business Corporations Act
or as required by any other Act; or (b)  a body corporate that manages a mutual fund trust and that is approved by the Ontario Securities Commission to act as the trustee of the mutual fund trust.  R.S.O. 1990, c. L.25, s. 213 (3). Same (3.1) Clause (2) (b) does not apply to preclude a credit union or central, as defined by the Credit Unions and Caisses Populaires Act, 2020 from acting as a trustee and maintaining trust funds.  1994, c. 11, s. 390; 2020, c. 36, Sched. 7, s. 318 (3). Restriction on use of name (4) No person, other than a registered trust corporation, shall hold itself out to the public in Ontario as a registered trust corporation by using in its name the words “trust corporation”, “trust company”, “trustco”, “société de fiducie” ou “compagnie de fiducie” or any similar words in its name in conjunction with its business or undertakings, unless such name was legally in use before the 5th day of April, 1988.  R.S.O. 1990, c. L.25, s. 213 (4). Carrying on business by corporations (5) No corporation, other than a registered corporation, shall hold itself out to the public in Ontario as a registered corporation by conducting, undertaking or transacting any part or aspect of the business of a trust corporation or loan corporation.  R.S.O. 1990, c. L.25, s. 213 (5). Soliciting business (6) No person, other than a registered corporation and a person duly authorized by it to act on its behalf, shall solicit the business of a trust corporation or loan corporation.  R.S.O. 1990, c. L.25, s. 213 (6). Action of promoters, etc. (7) No person shall undertake, transact or solicit in Ontario any part or aspect of the business of a trust corporation or a loan corporation for a body corporate that is not registered under this Act.  R.S.O. 1990, c. L.25, s. 213 (7). (8) Repealed:  2001, c. 8, s. 172. Section Amendments with date in force (d/m/y) 1994, c. 11, s. 390 - 01/03/1995; 1994, c. 17, s. 118 - 01/12/1997; 1996, c. 2, s. 70 (2) - 29/03/1996 2001, c. 8, s. 172
- 01/08/2008 2020, c. 36, Sched. 7, s. 318 (3) - 01/03/2022
214 (1) A person is guilty of an offence if the person, (a)  contravenes any provision of section 213; or (b)  knowingly provides false information in relation to any matter under this Act.  2001, c. 8, s. 173 (1). Penalty (2) On conviction for an offence referred to in subsection (1), the person convicted is liable on a first conviction to a fine of not more than $100,000 and on each subsequent conviction to a fine of not more than $200,000.  R.S.O. 1990, c. L.25, s. 214 (2); 2001, c. 8, s. 173 (2). Derivative (3) Every person who caused, authorized, permitted or participated in an offence referred to in subsection (1) is guilty of an offence and on conviction is liable on a first conviction to a fine of not more than $100,000 and on each subsequent conviction to a fine of not more than $200,000.  R.S.O. 1990, c. L.25, s. 214 (3); 2001, c. 8, s. 173 (3). (4), (5) Repealed:  2001, c. 8, s. 173 (4). Section Amendments with date in force (d/m/y) 2001, c. 8, s. 173 (1, 4) - 01/08/2008; 2001, c. 8, s. 173 (2, 3) - 29/06/2001
215 No proceeding for an offence under this Part shall be commenced in any court more than two years after the facts upon which the proceedings are based first came to the knowledge of the Chief Executive Officer.  R.S.O. 1990, c. L.25, s. 215; 2018, c. 8, Sched. 16, s. 5. Section Amendments with date in force (d/m/y) 2018, c. 8, Sched. 16, s. 5 - 08/06/2019
216 Where a person is convicted of an offence under this Act or the regulations, the court in which proceedings in respect of the offence are taken, in addition to any punishment it may impose, may order that person to comply with the provisions of this Act or the regulations for the contravention of which the person has been convicted.  R.S.O. 1990, c. L.25, s. 216.
217 Where a person is convicted of an offence under this Act, the court making the conviction may, in addition to any other penalty, order the person convicted to make compensation or restitution in relation thereto.  R.S.O. 1990, c. L.25, s. 217. PART XIV   MISCELLANEOUS AND REGULATIONS 218-220 Repealed:  2001, c. 8, s. 174. Section Amendments with date in force (d/m/y) 2001, c. 8, s. 174
- 01/08/2008 221 Repealed:  2001, c. 8, s. 175. Section Amendments with date in force (d/m/y) 2001, c. 8, s. 175 - 01/08/2008
222 (1) Delivery of any written notice or document for any purpose of this Act, where the mode is not otherwise specified, may be delivered by first class ordinary mail or first class registered mail, (a)  in the case of a registered corporation, addressed to it or the chief executive officer of the corporation at its principal place of business in Ontario; (b)  in the case of a director, addressed to the director at his or her address as shown on the records of the Chief Executive Officer; and (c)  in the case of the Chief Executive Officer, addressed to the Chief Executive Officer at his or her office.  R.S.O. 1990, c. L.25, s. 222 (1); 2001, c. 8, s. 176 (1); 2018, c. 8, Sched. 16, s. 3, 5. (2) Repealed:  2001, c. 8, s. 176 (2). Section Amendments with date in force (d/m/y) 2001, c. 8, s. 176 (1, 2) - 01/08/2008 2018, c. 8, Sched. 16, s. 3, 5 - 08/06/2019
223 (1) The Lieutenant Governor in Council may make regulations, (a)  prescribing prohibited words or expressions for the purpose of subsection 213 (4); (b)  prescribing the information that must be maintained in the Loan Corporations Register and the Trust Corporations Register; (c)  prescribing any matter referred to in this Act as being prescribed by the regulations.  2001, c. 8, s. 177. Same (2) A regulation made under this Act may, (a)  prescribe classes of registered corporations; (b)  contain different provisions for different registered corporations or different classes of registered corporations; and (c)  apply only to specified registered corporations or specified classes of registered corporations.  1994, c. 17, s. 119 (4). Section Amendments with date in force (d/m/y) 1994, c. 17, s. 119 (1-4) - 01/12/1997; 1997, c. 19, s. 13 (10, 17) - 01/12/1997; 1999, c. 12, Sched. I, s. 5 (2) - no effect - see 2001, c. 8, s. 177 - 01/08/2008 2001, c. 8, s. 177
- 01/08/2008 223.0.1 Repealed: 2020, c. 36, Sched. 14, s. 9 (2). Section Amendments with date in force (d/m/y) 2018, c. 8, Sched. 16, s. 4 - 08/06/2019 2020, c. 36, Sched. 14, s. 9 (2) - 08/12/2020
223.1 (1) The Chief Executive Officer may approve the use of forms for any purpose of this Act and the forms may provide for such information to be furnished as the Chief Executive Officer may require.  1997, c. 19, s. 13 (18); 1999, c. 12, Sched. I, s. 5 (3); 2018, c. 8, Sched. 16, s. 5. Fees (2) The Minister of Finance may establish and charge fees in relation to any matter under this Act, including any services provided by or through the Ministry of Finance.  2001, c. 8, s. 178; 2020, c. 36, Sched. 14, s. 9 (3). Note: On a day to be named by proclamation of the Lieutenant Governor, subsection 223.1 (2) of the Act is repealed. (See: 2015, c. 20, Sched. 21, s. 1) (3) Repealed:  2001, c. 8, s. 178. Section Amendments with date in force (d/m/y) 1997, c. 19, s. 13 (18) - 01/12/1997; 1999, c. 12, Sched. I, s. 5 (3) - 22/12/1999 2001, c. 8, s. 178
- 29/06/2001 2015, c. 20, Sched. 21, s. 1 - not in force 2018, c. 8, Sched. 16, s. 5 - 08/06/2019 2020, c. 36, Sched. 14, s. 9 (3) - 08/12/2020 224 Repealed:  2001, c. 8, s. 179. Note: On a day to be named by proclamation of the Lieutenant Governor, the Act is amended by adding the following section: (See: 2015, c. 20, Sched. 21, s. 2) Fees 224 The Minister of Finance may make regulations governing fees under this Act, including, (a)  requiring the payment of fees in relation to any matter under this Act, including any services provided by or through the Ministry of Finance or the Financial Services Commission of Ontario; Note: On the day section 2 of Schedule 21 to the Building Ontario Up Act (Budget Measures), 2015
comes into force, clause 224 (a) of the Act is amended by striking out “or the Financial Services Commission of Ontario”. (See: 2020, c. 36, Sched. 14, s. 9 (4)) (b)  prescribing the amount of fees or the manner of determining fees; (c)  prescribing the manner in which and the period within which fees must be paid. 2015, c. 20, Sched. 21, s. 2. Section Amendments with date in force (d/m/y) 2001, c. 8, s. 179 - 01/08/2008 2015, c. 20, Sched. 21, s. 2 - not in force 2020, c. 36, Sched. 14, s. 9 (4) - not in force 225 Repealed:  2001, c. 8, s. 179. Section Amendments with date in force (d/m/y) 2001, c. 8, s. 179 - 01/08/2008 226 Repealed:  2001, c. 8, s. 180. Section Amendments with date in force (d/m/y) 1994, c. 17, s. 120 - 01/12/1997 2001, c. 8, s. 180
- 01/08/2008 227 Repealed:  2001, c. 8, s. 181. Section Amendments with date in force (d/m/y) 2001, c. 8, s. 181 - 29/06/2001 228 Repealed:  2001, c. 8, s. 182. Section Amendments with date in force (d/m/y) 1997, c. 19, s. 13 (18) - 01/12/1997 2001, c. 8, s. 182 - 01/08/2008 ______________  Français