Trust and Loan Companies Act
Marginal note:Main business
409 (1) Subject to this Act, a company shall not engage in or carry on any business other than such business generally as appertains to the business of providing financial services.
(2) For greater certainty, a company may
(a) subject to section 412, act as a trustee;
(b) act as a financial agent, receiver, liquidator or sequestrator;
(c) provide investment counselling services and portfolio management services; and
(d) issue payment, credit or charge cards and, in cooperation with others including other financial institutions, operate a payment, credit or charge card plan.
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