13. (1) A person who wishes to obtain a licence to act as a trustee shall file with the Superintendent an application for a licence in the prescribed form.

(2) The Superintendent, after such investigation concerning an applicant for a licence to act as a trustee as the Superintendent considers necessary, may issue the licence if the Superintendent is satisfied, having regard to the criteria referred to in paragraph 5(4)(d), that the applicant is qualified to obtain the licence.

(3) The Superintendent may refuse to issue a licence to an applicant who is insolvent or has been convicted of an indictable offence.

R.S., 1985, c. B-3, s. 13; 1992, c. 27, s. 9; 1997, c. 12, s. 6.