Form 3 — Application for Trustee Licence (Corporation)

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(Subsection 13(1) of the Act)

This form may not be completed online. It is provided here for reference purposes only.

General Information

Name of Corporation (pre-approved by the Superintendent):

Space to insert name of corporation

Address of Head Office:

First of three: Space to insert address of head office

Two of three: Space to insert address of head office

Three of three: Space to insert address of head office

Tel. No.:

Space to insert Telephone number of head office

Fax No.:

Space to insert fax number of head office

E-mail address:

Space to insert email address of head office

Incorporated:

under federal law

under provincial law (Which province(s)?

Other province(s) in which the corporation is registered:

Space to insert province of registration

Date of Incorporation:

Space to insert year of birth / Space to insert month of birth / Space to insert day of birth
YearMonthDay

Bankruptcy District(s) for which Licence is requested:

Space to insert Bankruptcy District(s)

Declaration

I, the undersigned, do solemnly declare that I am authorized to submit the present application on behalf of the corporation named herein and that the information set out in this application and in the attached documents is, to the best of my knowledge and belief, true, correct and complete in all respects.

Dated at Space to insert city and province , this Space to insert Month day, year.

Space to insert signature of applicant
Applicant, on behalf of the Corporation

The Following must also be Provided with this Application

Please fill out this page and return with your application. If any items are not checked off, please indicate the reason for this information being excluded and the date at which it will be provided.

1. The original or a certified true copy of the constituting documents (letters patent, certificate of incorporation, memorandum or articles of association and other pertinent documentation).

2. The address of the head office and of every other office or place of business from which the corporate trustee intends to provide bankruptcy services.

3. The personal balance sheet of the firm's managing trustee (as of the date of the application).

4. The name, residential address and occupation of each shareholder and each person having a direct or indirect proprietary interest in the corporation (including beneficial owner, if applicable).

5. The number of shares (or proportion of total shares) and the classes of shares held by each shareholder in the corporation.

6. A list indicating every trustee who is simultaneously a shareholder (or financial backer) of this corporation and of any other corporate trusteeNote 3 and all relevant details (i.e. names of those corporate trustees, and the district(s) in which they operate).

7. The name, residential address and occupation of each director and of each officer of the corporation.

8. The name and business address of every licensed trustee who will practice in an office or place of business of the corporate trustee.

9. Evidence of insurance coverage (professional liability insurance and employee dishonesty (fidelity) insurance).

10. A cheque for $300 made out to the order of the Receiver General of Canada.

A copy of the following information must also be sent to your local Designated Assistant Superintendent (DAS):

11. Details of necessary resources (work facilities, equipment and personnel) available for each office at which the corporate trustee intends to provide bankruptcy services, as well as details of banking arrangements.

12. If the trustee responsible for the administration of estates is being replaced, a letter indicating which trustee is assuming responsibility for these estates, and the signature of that trustee confirming his/her acceptance of the transfer

Footnotes

  1. 3 Section 24 of the Directive reads as follows: "A trustee may, with the pre-approval of the Superintendent, be a shareholder or a financial backer of more than one corporate trustee provided that:
    a. the corporate trustees do not operate in the same district;
    b. the trustee satisfies the Superintendent that there is no conflict of interest; and
    c. the trustee respects any other conditions and limitations that the Superintendent considers appropriate."
    Section 25 of the Directive reads as follows: "Despite section 24, a trustee may, with the pre-approval of the Superintendent, be a shareholder or a financial backer of more than one corporate trustee in the same district, for a limited period of time, in order to retire from practice as a trustee." (back to footnote reference 1)

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