Versions of s. 556(4)

Historical text comes from the Justice Laws point-in-time corpus and is unofficial — not the official version.

2003-01-01 to present available View Source

Subsection (3) applies regardless of whether the trust is express or arises by the operation of law, and it applies even when the authorized foreign bank has notice of the trust if it acts on the order of or under the authority of the holder or holders of the account into which the deposit is made.