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A-10 - Travel Agents Act

Section 33
Disposition versions

Full text
33. The funds collected by a travel agent on account of other persons shall be transferred in trust. In such a case the travel agent shall act as trustee; the travel agent must deposit and maintain the funds in a trust account opened in Québec and comply with the conditions prescribed by regulation for the deposit and withdrawal of such funds.
The funds collected by a travel agent and which must be deposited in a trust account are deemed to be held in trust by the travel agent and an amount equal to the aggregate of the funds deemed held in trust must be considered as constituting a separate fund not forming part of the property of the travel agent or of the officers of the travel agent, whether or not the amount was kept distinctly and separately from the own funds of the travel agent or of the officers of the travel agent or from the mass of their property.
1974, c. 53, s. 33; 1997, c. 9, s. 19; 1999, c. 40, s. 11; 2002, c. 55, s. 22.
33. The funds collected by a travel agent on account of other persons shall be transferred in trust. In such a case the travel agent shall act as trustee; the travel agent must deposit and maintain the funds in a trust account opened in Québec and comply with the conditions prescribed by regulation for the deposit and withdrawal of such funds.
1974, c. 53, s. 33; 1997, c. 9, s. 19; 1999, c. 40, s. 11.
33. A travel agent must deposit in a trust account opened in Québec and maintain therein the funds he collects on account of other persons and comply with the conditions prescribed by regulation for the deposit and withdrawal of such funds.
1974, c. 53, s. 33; 1997, c. 9, s. 19.
33. A travel agent must deposit in a trust account the funds he collects on account of other persons and comply with the conditions prescribed by regulation for the deposit and withdrawal of such funds.
1974, c. 53, s. 33.
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