I-13.2.2, r. 1 - Regulation respecting the application of the Deposit Institutions and Deposit Protection Act

Section 4 Disposition versions

2020-04-30

4. A deposit of money is deemed to be made at the place where the funds are received by the depositary, subject to the following provisions:

(1)  where the funds are remitted to a branch or agent of the depositary, the deposit is deemed to be made at the place where such branch or agent received the funds;

(1.1)  where the funds are remitted by technological means, including through an automated teller machine, the deposit is deemed to be made at the place of business of the depositary, branch or agent of the depositary that has received the funds;

(2)  where the depositor requests that the funds be credited to an account maintained at a particular place of business of the depositary, the deposit is deemed to be made at such place of business;

(3)  where the place at which the deposit was made is changed without the consent of the depositor, the deposit is deemed to have been made at the place where the funds were placed by the depositor;

(4)  where a depositary receives funds giving rise to the issue of a guaranteed investment certificate, a deposit certificate or another document evidencing the deposit, and where it is not possible to establish the place of deposit in accordance with paragraphs 1 to 3 hereof, the deposit is deemed to be made at the place of business of the depositary where the instrument was issued to the depositor or the place from which it was sent to the depositor;

(5)  where it is not possible to establish the place of deposit in accordance with paragraphs 1 to 4 hereof, the deposit is deemed to have been made at the depositary’s head office.

M.O. 2010-12, s. 4; M.O. 2020-09, s. 5.

2012-09-01

4. A deposit is deemed to be made at the place where the funds are received by the depositary, subject to the following provisions:

(1)  where the funds are remitted to a branch or agent of the depositary, the deposit is deemed to be made at the place where such branch or agent received the funds;

(2)  where the depositor requests that the funds be credited to an account maintained at a particular office of the depositary, the deposit is deemed to be made at such office;

(3)  where the place at which the deposit was made is changed without the consent of the depositor, the deposit is deemed to have been made at the place where the funds were placed by the depositor;

(4)  where a depositary receives funds giving rise to the issue of a guaranteed investment certificate, a deposit certificate or another document evidencing the deposit, and where it is not possible to establish the place of deposit in accordance with paragraphs 1 to 3 hereof, the deposit is deemed to be made at the office of the depositary where the instrument was issued to the depositor or the place from which it was sent to the depositor;

(5)  where it is not possible to establish the place of deposit in accordance with paragraphs 1 to 4 hereof, the deposit is deemed to have been made at the depositary’s head office.

M.O. 2010-12, s. 4.