323.1. Despite the second paragraph of section 323, an application for a road vehicle dealer’s or recycler’s licence must be accompanied by security, in the amount and form prescribed by regulation.
An association of road vehicle dealers or an association of road vehicle recyclers may act as surety for its members, in the form, on the conditions and in the manner prescribed by regulation. In such a case, the association must deposit an amount with a trust company. The amount is fixed by the president.