A-6.001, r. 10 - Regulation respecting the replacement of certificates evidencing the existence of bonds or other debt securities

Section 1 Disposition versions

2012-09-01

1. Unless the context indicates otherwise, in this Regulation:

(0.1)  “paymaster” or “redemption agent” means a bank or a credit union that has made a service agreement with the Minister of Finance respecting the payment or encashment of bonds or other debt securities;

(1)  “bank” means a bank listed in Schedule I or II to the Bank Act (S.C. 1991, c. 46);

(2)  “credit union” means a credit union or a federation of credit unions that is a financial services cooperative governed by the Act respecting financial services cooperatives (chapter C-67.3);

(3)  “surety” means the guarantee company, its legal representatives, successors and assigns;

(4)  “secured party” means the Gouvernement du Québec, the registrar, transfer agent, chief paymaster, their legal representatives, successors and assigns;

(5)  “redemption” means the reimbursement of principal or payment of interest on a matured security;

(6)  “owner” means the owner of the security, his legal representatives, successors and assigns;

(7)  “replacement” means the issuing and delivery of a security identical to a security that has been damaged, lost, stolen or destroyed;

(8)  “Treasury Bill rate” means the cost of borrowing to the Gouvernement du Québec expressed as an annual rate on its 91-day Treasury Bills issued at a discount;

(9)  “security” means a bond or other security issued in respect of a loan made under Chapter VII of the Financial Administration Act (chapter A-6.001).

O.C. 1261-85, s. 1; O.C. 1048-88, s. 1.