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Q-2, r. 20 - Regulation respecting used tire storage
Section 18
Disposition versions
18. Where the guarantee is provided in the form of security, a guarantee policy or a letter of credit, it shall have a term of at least 12 months.
The guarantee shall include a clause fixing a limit of not less than 6 months following the expiry of the guarantee during which time a claim may be filed relative to the person or the municipality storing used tires failing to perform a secured action before the expiry of the guarantee or relative to the person or the municipality storing used tires failing to comply with the conditions for closing the storage site provided for in section 1.4.
At least 15 days before the expiry of the guarantee, the reclamation business storing used tires shall forward a renewed guarantee with a term of at least 12 months. Failing such renewal, the permit holder shall provide an equivalent guarantee in one of the forms described in section 15.
18. Where the guarantee is provided in the form of security, a guarantee policy or a letter of credit, it shall have a term of at least 12 months.
The guarantee shall include a clause fixing a limit of not less than 6 months following the expiry of the guarantee during which time a claim may be filed relative to the person or the municipality storing used tires failing to perform a secured action before the expiry of the guarantee or relative to the person or the municipality storing used tires failing to comply with the conditions for closing the storage site provided for in section 17.
At least 15 days before the expiry of the guarantee, the person or the municipality storing used tires shall forward a renewed guarantee with a term of at least 12 months. Failing such renewal, the permit holder shall provide an equivalent guarantee in one of the forms described in section 15.
