172. Every Québec savings company and any other savings company that has capacity to do so may borrow money from the public in the form of deposits within the meaning of the Deposit Insurance Act (chapter A-26) and the regulations thereunder.
The company may issue debt securities in respect of the money received under the first paragraph.
The company may also borrow money by an issue of bonds.
In the event of the winding-up of the company, all such debt securities and bonds rank equally.
The company may exercise such powers, however, only if it is registered with the Agence nationale d’encadrement du secteur financier pursuant to the Deposit Insurance Act.
1987, c. 95, s. 172; 1999, c. 40, s. 304; 2002, c. 45, s. 587.