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D-3, r. 9.01 - Regulation respecting the indemnity fund of the Ordre des dentistes du Québec
Section 4
Disposition versions
4. The board of directors of the Order administers the fund and withdraws therefrom administration fees.
The sums constituting the fund are invested by the board of directors of the Order as follows:
(1) the portion of the sums the board of directors of the Order intends to use on a short-term basis is deposited in a financial institution governed by the Trust Companies and Savings Companies Act (chapter S-29.02), the Bank Act (S.C. 1991, c. 46), the Act respecting financial services cooperatives (chapter C-67.3) or the Trust and Loan Companies Act (S.C. 1991, c. 45) and whose deposits are covered by deposit insurance pursuant to the Canada Deposit Insurance Corporation Act (R.S.C. 1985, c. C-3) or guaranteed under the Deposit Institutions and Deposit Protection Act (chapter I-13.2.2);
(2) the other portion is constituted of investments presumed sound, within the meaning of article 1339 of the Civil Code.
In force: 2023-09-28
4. The board of directors of the Order administers the fund and withdraws therefrom administration fees.
The sums constituting the fund are invested by the board of directors of the Order as follows:
(1) the portion of the sums the board of directors of the Order intends to use on a short-term basis is deposited in a financial institution governed by the Trust Companies and Savings Companies Act (chapter S-29.02), the Bank Act (S.C. 1991, c. 46), the Act respecting financial services cooperatives (chapter C-67.3) or the Trust and Loan Companies Act (S.C. 1991, c. 45) and whose deposits are covered by deposit insurance pursuant to the Canada Deposit Insurance Corporation Act (R.S.C. 1985, c. C-3) or guaranteed under the Deposit Institutions and Deposit Protection Act (chapter I-13.2.2);
(2) the other portion is constituted of investments presumed sound, within the meaning of article 1339 of the Civil Code.
