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E-9.1, r. 1 - Regulation respecting the application of the Act respecting private education
Section 12
Disposition versions
12. Security in the form of a guarantee policy shall be kept by the Minister.
Security in the form of a bond or other evidence of indebtedness, or furnished in cash, by certified cheque, postal money order, bank draft or by certified payment order drawn on a financial services cooperative shall be sent to the Bureau général de dépôts pour le Québec. It is held on deposit until its expiry date.
12. Security in the form of a guarantee policy shall be kept by the Minister.
Security in the form of a bond or other evidence of indebtedness, or furnished in cash, by certified cheque, postal money order, bank draft or by certified payment order drawn on a savings and credit union shall be forwarded to the Minister of Finance, who shall hold it in trust until its expiry date.
