B-1.1, r. 9 - Regulation respecting the professional qualification of contractors and owner-builders

Section 29 Disposition versions

2019-06-13

29. The security referred to in paragraph 1 of section 28 may be issued only by a legal person authorized to act as surety under the Bank Act (S.C. 1991, c. 46), the Act respecting financial services cooperatives (chapter C-67.3), the Trust Companies and Savings Companies Act (chapter S-29.02) or the Insurers Act (chapter A-32.1) and, in the case of a group surety insurance policy, an association of contractors may offer the security to its members solidarily with a legal person authorized under this section.

The security referred to in paragraphs 2 and 3 of section 28 may be issued only by a bank, a financial services cooperatives or a trust company referred to in one of the Acts mentioned in the first paragraph.

O.C. 314-2008, s. 29.

2012-09-01

29. The security referred to in paragraph 1 of section 28 may be issued only by a legal person authorized to act as surety under the Bank Act (S.C. 1991, c. 46), the Act respecting financial services cooperatives (chapter C-67.3), the Act respecting trust companies and savings companies (chapter S-29.01) or the Act respecting insurance (chapter A-32) and, in the case of a group surety insurance policy, an association of contractors may offer the security to its members solidarily with a legal person authorized under this section.

The security referred to in paragraphs 2 and 3 of section 28 may be issued only by a bank, a financial services cooperatives or a trust company referred to in one of the Acts mentioned in the first paragraph.

O.C. 314-2008, s. 29.