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F-3.2.1 - Act to establish the Fonds de solidarité des travailleurs du Québec (F.T.Q.)

Section 17
Disposition versions

Full text
17. Where the Fund makes an investment in the form of a security or guarantee, it must establish and maintain, for the duration of the security or guarantee, a reserve equivalent to not less than 50% of the amount of the security or guarantee.
The Fund may invest the money deposited in the reserve under this section in the manner provided in the rules relating to investments presumed sound prescribed by the Civil Code .
1983, c. 58, s. 17; 1999, c. 40, s. 139.
17. Where the Fund makes an investment in the form of a security or guarantee, it must establish and maintain, for the duration of the security or guarantee, a reserve equivalent to not less than 50 % of the amount of the security or guarantee.
The Fund may invest the money deposited in the reserve under this section in the manner provided in paragraphs a to d of article 981o of the Civil Code of Lower Canada.
1983, c. 58, s. 17.
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