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R-2.2, r. 1 - Regulation respecting the application of the Act respecting the collection of certain debts
Section 25
Disposition versions
25. Security by individual guarantee policy, security by group guarantee policy, the commitments prescribed in sections 21 and 22 as well as the membership certificates are kept by the president.
Security in the form of cash, certified cheque, postal money order, bank money order, payment order drawn on a financial services cooperative or bond is sent by the president to the Bureau général de dépôts pour le Québec. It is deposited for the term of the permit and for 3 years after it expires.
25. Security by individual guarantee policy, security by group guarantee policy, the commitments prescribed in sections 21 and 22 as well as the membership certificates are kept by the president.
Security in the form of cash, certified cheque, postal money order, bank money order, payment order drawn on a financial services cooperative or bond is sent by the president to the Minister of Finance who holds it in trust for the term of the permit and for 3 years after it expires.
