C-43 - Guarantee Companies Act

Section 6 Disposition versions

1983-04-01

6. The Government may grant the authorization mentioned in section 1, if the company:

(1)  Deposits in the office of the Inspector General of Financial Institutions a duly certified copy of its charter, articles of association or other act by which it was incorporated;

(2)  Establishes that it is incorporated in Québec with power to become judicial surety, or that it is empowered to grant security bonds and is licensed by competent authority to carry on the business of surety or guarantee insurance in Québec;

(3)  Deposits in the office of the Inspector General of Financial Institutions, if its head office be outside Québec, a power of attorney constituting an agent in Québec to receive services in all suits and proceedings taken against the company, and declaring where its office in Québec is established;

(4)  Establishes its solvency to the satisfaction of the Government.

R. S. 1964, c. 288, s. 7; 1966-67, c. 72, s. 23; 1975, c. 76, s. 11; 1981, c. 9, s. 24; 1982, c. 52, s. 160.

1981-06-18

6. The Government may grant the authorization mentioned in section 1, if the company:

(1)  Deposits in the office of the Minister of Financial Institutions and Cooperatives a duly certified copy of its charter, articles of association or other act by which it was incorporated;

(2)  Establishes that it is incorporated in Québec with power to become judicial surety, or that it is empowered to grant security bonds and is licensed by competent authority to carry on the business of surety or guarantee insurance in Québec;

(3)  Deposits in the office of the Minister of Financial Institutions and Cooperatives, if its head office be outside Québec, a power of attorney constituting an agent in Québec to receive services in all suits and proceedings taken against the company, and declaring where its office in Québec is established;

(4)  Establishes its solvency to the satisfaction of the Government.

R. S. 1964, c. 288, s. 7; 1966-67, c. 72, s. 23; 1975, c. 76, s. 11; 1981, c. 9, s. 24.

1977-12-31

6. The Government may grant the authorization mentioned in section 1, if the company:

(1)  Deposits in the office of the Minister of Consumer Affairs, Cooperatives and Financial Institutions a duly certified copy of its charter, articles of association or other act by which it was incorporated;

(2)  Establishes that it is incorporated in Québec with power to become judicial surety, or that it is empowered to grant security bonds and is licensed by competent authority to carry on the business of surety or guarantee insurance in Québec;

(3)  Deposits in the office of the Minister of Consumer Affairs, Cooperatives and Financial Institutions, if its head office be outside Québec, a power of attorney constituting an agent in Québec to receive services in all suits and proceedings taken against the company, and declaring where its office in Québec is established;

(4)  Establishes its solvency to the satisfaction of the Government.

R. S. 1964, c. 288, s. 7; 1966-67, c. 72, s. 23; 1975, c. 76, s. 11.