P-40.1 - Consumer Protection Act

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260.9. The reserve account must remain open at all times in Québec with a trust company which has made a written undertaking that it will assume the duties, obligations and responsibilities imposed on it by this Act with respect to the sums entrusted to it by the merchant.
Upon opening the account, the merchant must inform the president of the number of the account and of the place where it is held and transmit to him the undertaking of the trust company.
The undertaking must be consistent with the model provided in Schedule 11.
1988, c. 45, s. 2.