R-15.1, r. 6 - Regulation respecting supplemental pension plans

Section 61 Disposition versions

2012-09-01

61. A loan cannot be granted to an employer, a partnership or a person referred to in section 177 of the Act unless that loan is fully secured by any of the following types of security:

(1)  in the case of a member, his spouse or his child, a hypothec on an immovable;

(2)  in other cases:

(a)  a hypothec of the first rank;

(b)  a hypothec of an investment presumed sure and referred to in section 1339 of the Civil Code or the pledge of a gilt-edged security referred to in section 3 of the Securities Regulation (chapter V-1.1, r. 50);

(c)  the hypothec of a security guaranteed by a security of the first rank;

(d)   the guarantee of the gouvernement du Québec, of the Government of Canada, of a Canadian province, of any of their agencies or of a financial institution empowered to guarantee borrowings in Canada.

O.C. 1158-90, s. 61; O.C. 173-2002, s. 55.