25. (1) When acting under the authority of this Act, a trustee shall, without delay, deposit in a bank all funds received for an estate in a separate trust account for each estate.
Marginal note:Other deposit-taking institutions must be insured
(1.1) The trustee may deposit the funds in a deposit-taking institution, other than a bank as defined in section 2, only if deposits held by that institution are insured or guaranteed under a provincial or federal enactment that provides depositors with protection against the loss of funds on deposit with that institution.
Printed copy · Anthology Volume 5, page 339Printed copy from The Tender For Law Anthology, Volume 5, page 339 (printed 13 June 2014). Added by this site; not part of the Facebook export.