P-40.1, r. 3 - Regulation respecting the application of the Consumer Protection Act

Section 119 Disposition versions

2017-06-15

119. Security referred to in subparagraphs a and b of the first paragraph of section 110 and member’s certificates are kept by the president.

A security in cash, by cheque, by postal money order, by bank money order, by order to pay drawn on a financial services cooperative savings and credit union, or by means of a bearer bond is transmitted by the president to the Bureau général de dépôts pour le Québec. It is held on deposit until the date of its expiry and, after that date, for a period of 3 years or until the 90th day following the expiry of the period for appealing any final judgment disposing of civil or penal recourse of which the president is informed and of which the security may guarantee payment, whichever period is longer.

R.R.Q., 1981, c. P-40.1, r. 1, s. 119; O.C. 1148-90, s. 17; O.C. 495-2010, s. 25; O.C. 488-2017, s. 14.

2012-09-01

119. Security referred to in section 112 and member’s certificates are kept by the president.

A security in cash, by cheque, by postal money order, by bank money order, by order to pay drawn on a financial services cooperative savings and credit union, or by means of a bearer bond is transmitted by the president to the Minister of Finance who shall hold it in trust until the date of its expiry and, after that date, for a period of 3 years or until the 90th day following the expiry of the period for appealing any final judgment disposing of civil or penal recourse of which the president is informed and of which the security may guarantee payment, whichever period is longer.

R.R.Q., 1981, c. P-40.1, r. 1, s. 119; O.C. 1148-90, s. 17; O.C. 495-2010, s. 25.