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N-1.1, r. 0.1 - Regulation respecting personnel placement agencies and recruitment agencies for temporary foreign workers
Section 33
Disposition versions
33. When the security is provided by the licence holder for the licence holder, the licence holder undertakes to compensate in principal, interest and costs, up to the amount of security required, the pecuniary obligations of the licence holder or a client enterprise of the licence holder, confirmed by an irrevocable judgment or a transaction referred to in section 27. That undertaking must bind the administrators, heirs and legal representatives of the licence holder.
In force: 2020-01-01
33. When the security is provided by the licence holder for the licence holder, the licence holder undertakes to compensate in principal, interest and costs, up to the amount of security required, the pecuniary obligations of the licence holder or a client enterprise of the licence holder, confirmed by an irrevocable judgment or a transaction referred to in section 27. That undertaking must bind the administrators, heirs and legal representatives of the licence holder.
