Acts and Regulations

P-26.5 - Public Trustee Act

Section 9
Disposition versions

Full text
Trust fund account
9(1)The Public Trustee shall establish and maintain a trust fund account.
9(2)The Public Trustee shall deposit in the trust fund account money received by the Public Trustee on behalf of a person, estate or trust under this or any other Act, a regulation under this or any other Act, a court order, an instrument or any other document.
9(3)Money in the trust fund account is not public money for the purposes of the Financial Administration Act.
9(4)Money in the trust fund account shall be invested in a common fund under section 11 unless the money
(a) is immediately required for payment, or
(b) is to be invested under section 12.
9(5)Until money in the trust fund account is invested, the Public Trustee may deposit the money in a single account in a bank, trust company or credit union designated by the Commission.
2011, c.20, s.5; 2012, c.14, s.6
Trust fund account
9(1)The Public Trustee shall establish and maintain a trust fund account.
9(2)The Public Trustee shall deposit in the trust fund account money received by the Public Trustee on behalf of a person, estate or trust under this or any other Act, a regulation under this or any other Act, a court order, an instrument or any other document.
9(3)Money in the trust fund account is not public money for the purposes of the Financial Administration Act.
9(4)Money in the trust fund account shall be invested in a common fund under section 11 unless the money
(a) is immediately required for payment, or
(b) is to be invested under section 12.
9(5)Until money in the trust fund account is invested, the Public Trustee may deposit the money in a single account in a bank, trust company or credit union designated by the Commission.
2011, c.20, s.5; 2012, c.14, s.6
Trust fund account
9(1)The Public Trustee shall establish and maintain a trust fund account.
9(2)The Public Trustee shall deposit in the trust fund account money received by the Public Trustee on behalf of a person, estate or trust under this or any other Act, a regulation under this or any other Act, a court order, an instrument or any other document.
9(3)Money in the trust fund account is not public money for the purposes of the Financial Administration Act.
9(4)Money in the trust fund account shall be invested in a common fund under section 11 unless the money
(a) is immediately required for payment, or
(b) is to be invested under section 12.
9(5)Until money in the trust fund account is invested, the Public Trustee may deposit the money in a single account in a bank, trust company or credit union designated by the Minister of Finance for the purposes of subsection 17(1) of the Financial Administration Act.
2011, c.20, s.5
Trust fund account
9(1)The Public Trustee shall establish and maintain a trust fund account.
9(2)The Public Trustee shall deposit in the trust fund account money received by the Public Trustee on behalf of a person, estate or trust under this or any other Act, a regulation under this or any other Act, a court order, an instrument or any other document.
9(3)Money in the trust fund account is not public money for the purposes of the Financial Administration Act.
9(4)Money in the trust fund account shall be invested in a common fund under section 11 unless the money
(a) is immediately required for payment, or
(b) is to be invested under section 12.
9(5)Until money in the trust fund account is invested, the Public Trustee may deposit the money in a single account in a bank, trust company or credit union designated by the Minister of Finance for the purposes of subsection 23(1) of the Financial Administration Act.