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A-10, r. 1 - Regulation respecting travel agents

Section 32
Disposition versions

Full text
32. How kept: The president shall keep the document evidencing the security contract; he shall keep in trust a security in the form of cash, cheque, postal or bank money order or deposit of bonds.
The sums provided as security are deposited with a financial institution chosen by the president and may be invested in accordance with the rules respecting investments presumed sound provided for in the Civil Code.
Those sums may also be entrusted to the Caisse de dépôt et placement du Québec according to the conditions determined between the president and the Caisse.
Income from the investment of those sums goes into the trust and may be used to reimburse the president the costs of managing the trust.
R.R.Q., 1981, c. A-10, r. 1, s. 32; O.C. 994-87, s. 7; O.C. 546-92, s. 13; O.C. 496-2010, s. 27.
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