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

Section 39 Disposition versions

2017-06-15

39. Subject to subparagraph g of paragraph 1 of the first paragraph of section 12, the security forms for an individual or group surety insurance policy, an irrevocable and unconditional letter of credit, an undertaking provided by the contractor for itself and member certificates are kept by the Board.

The security referred to in paragraph 2 of section 28 must be forwarded by the Board to the Bureau général de dépôts pour le Québec who keeps it until the expiry date and, thereafter, for a 5-year period or until the 90th day after the expiry of the time for appealing a final judgment disposing of a civil remedy declared to the Board and for which the security could guarantee payment, whichever is the longer period.

O.C. 314-2008, s. 39; O.C. 488-2017, s. 1.

2016-05-18

39. Subject to subparagraph g of paragraph 1 of the first paragraph of section 12, the security forms for an individual or group surety insurance policy, an irrevocable and unconditional letter of credit, an undertaking provided by the contractor for itself and member certificates are kept by the Board.

The security referred to in paragraph 2 of section 28 must be forwarded by the Board to the Minister of Finance who receives it on deposit under the Act respecting deposits with the Bureau général de dépôts pour le Québec (chapter D-5.1) until the expiry date and, thereafter, for a 5-year period or until the 90th day after the expiry of the time for appealing a final judgment disposing of a civil remedy declared to the Board and for which the security could guarantee payment, whichever is the longer period.

O.C. 314-2008, s. 39.

2012-09-01

39. Subject to subparagraph g of paragraph 1 of the first paragraph of section 12, the security forms for an individual or group surety insurance policy, an irrevocable and unconditional letter of credit, an undertaking provided by the contractor for itself and member certificates are kept by the Board.

The security referred to in paragraph 2 of section 28 must be forwarded by the Board to the Minister of Finance who receives it on deposit under the Deposit Act (chapter D-5) until the expiry date and, thereafter, for a 5-year period or until the 90th day after the expiry of the time for appealing a final judgment disposing of a civil remedy declared to the Board and for which the security could guarantee payment, whichever is the longer period.

O.C. 314-2008, s. 39.