E-12.000001 - Money-Services Businesses Act

Section 35 Disposition versions

2021-09-13

35. A money-services business that ceases its activities or whose licence is revoked must hand its records, books and registers over to the Minister, who determines how to dispose of them.

However, the records, books and registers may be disposed of otherwise with the authorization of the Minister.

The Minister notifies the Sûreté du Québec and the police force in the local municipal territory concerned that the money-services business has ceased its activities. The Minister must also notify them before the money-services business’s records, books and registers are disposed of.

2010, c. 40, Sch. I, s. 35; 2010, c. 31, s. 175; 2020, c. 5, s. 47.

2012-04-01

35. A money-services business that ceases its activities or whose licence is revoked must hand its records, books and registers over to the Authority, which determines how it will dispose of them.

However, the records, books and registers may be disposed of otherwise with the authorization of the Authority.

The Authority notifies the Agence du revenu du Québec, the Sûreté du Québec and the police force in the local municipal territory concerned that the money-services business has ceased its activities. It must also notify them before the money-services business’s records, books and registers are disposed of.

2010, c. 40, Sch. I, s. 35; 2010, c. 31, s. 175.