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I-13.2.2 - Deposit Institutions and Deposit Protection Act

Section 33.1
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33.1. The Authority shall guarantee to every person who makes a deposit of money with an authorized deposit institution or a bank the payment, on their respective maturity dates, of the principal and interest of the deposit, up to $100,000.
Such guarantee shall not apply to deposits of money made outside Québec or to those payable only outside Québec.
The Minister may determine, for a period not exceeding two years, that the maximum amount of the guarantee under the first paragraph is to be greater than $100,000.
The Minister may also determine, for the same period, that deposits are to be 100% guaranteed.
The guarantee amount so determined by the Minister shall be substituted for the amount of $100,000 in sections 34, 34.4, 38.1, 39 and 57.
1983, c. 10, s. 13; 2002, c. 45, s. 198; 2004, c. 37, s. 90; 2007, c. 15, s. 17; 2009, c. 27, s. 9; 2009, c. 58, s. 10; 2018, c. 23, s. 357; 2021, c. 15, s. 91.
33.1. The Authority shall guarantee to every person who makes a deposit of money with an authorized deposit institution or a bank the payment, on their respective maturity dates, of the principal and interest of the deposit, up to $100,000.
Such guarantee shall not apply to deposits of money made outside Québec or to those payable only outside Québec. Nor shall it apply to deposits of money made or payable in any currency other than that of Canada.
The Minister may determine, for a period not exceeding two years, that the maximum amount of the guarantee under the first paragraph is to be greater than $100,000.
The Minister may also determine, for the same period, that deposits are to be 100% guaranteed.
The guarantee amount so determined by the Minister shall be substituted for the amount of $100,000 in sections 34, 34.4, 38.1, 39 and 57.
1983, c. 10, s. 13; 2002, c. 45, s. 198; 2004, c. 37, s. 90; 2007, c. 15, s. 17; 2009, c. 27, s. 9; 2009, c. 58, s. 10; 2018, c. 23, s. 357.
33.1. The Authority shall guarantee to every person who makes a deposit of money with a registered institution or a bank the payment, on their respective maturity dates, of the principal and interest of the deposit, up to $100,000.
Such guarantee shall not apply to deposits of money made outside Québec or to those payable only outside Québec. Nor shall it apply to deposits of money made or payable in any currency other than that of Canada.
The Minister may determine, for a period not exceeding two years, that the maximum amount of the guarantee under the first paragraph is to be greater than $100,000.
The Minister may also determine, for the same period, that deposits are to be 100% guaranteed.
The guarantee amount so determined by the Minister shall be substituted for the amount of $100,000 in sections 34, 34.4, 38.1, 39 and 57.
1983, c. 10, s. 13; 2002, c. 45, s. 198; 2004, c. 37, s. 90; 2007, c. 15, s. 17; 2009, c. 27, s. 9; 2009, c. 58, s. 10.
33.1. The Authority shall guarantee to every person who makes a deposit of money with a registered institution or a bank the payment, on their respective maturity dates, of the principal and interest of the deposit, up to $100,000.
Such guarantee shall not apply to deposits of money made outside Québec or to those payable only outside Québec. Nor shall it apply to deposits of money made or payable in any currency other than that of Canada.
The Minister may determine, for a period not exceeding two years, that the maximum amount of the guarantee under the first paragraph is to be greater than $100,000.
The Minister may also determine, for the same period, that deposits are to be 100% guaranteed.
The guarantee amount so determined by the Minister shall be substituted for the amount of $100,000 in sections 34, 38.1, 39 and 57.
1983, c. 10, s. 13; 2002, c. 45, s. 198; 2004, c. 37, s. 90; 2007, c. 15, s. 17; 2009, c. 27, s. 9.
33.1. The Authority shall guarantee to every person who makes a deposit of money with a registered institution or a bank the payment, on their respective maturity dates, of the principal and interest of the deposit, up to $100,000.
Such guarantee shall not apply to deposits of money made outside Québec or to those payable only outside Québec. Nor shall it apply to deposits of money made or payable in any currency other than that of Canada.
1983, c. 10, s. 13; 2002, c. 45, s. 198; 2004, c. 37, s. 90; 2007, c. 15, s. 17.
33.1. The Authority shall guarantee to every person who makes a deposit of money with a registered institution or a bank the payment, on their respective maturity dates, of the principal and interest of the deposit, up to $60 000.
Such guarantee shall not apply to deposits of money made outside Québec or to those payable only outside Québec. Nor shall it apply to deposits of money made or payable in any currency other than that of Canada.
This section does not apply to deposits of money contemplated in the third paragraph of section 33.
1983, c. 10, s. 13; 2002, c. 45, s. 198; 2004, c. 37, s. 90.
33.1. The Agency shall guarantee to every person who makes a deposit of money with a registered institution or a bank the payment, on their respective maturity dates, of the principal and interest of the deposit, up to $60 000.
Such guarantee shall not apply to deposits of money made outside Québec or to those payable only outside Québec. Nor shall it apply to deposits of money made or payable in any currency other than that of Canada.
This section does not apply to deposits of money contemplated in the third paragraph of section 33.
1983, c. 10, s. 13; 2002, c. 45, s. 198.
33.1. The Board shall guarantee to every person who makes a deposit of money with a registered institution or a bank the payment, on their respective maturity dates, of the principal and interest of the deposit, up to $60 000.
Such guarantee shall not apply to deposits of money made outside Québec or to those payable only outside Québec. Nor shall it apply to deposits of money made or payable in any currency other than that of Canada.
This section does not apply to deposits of money contemplated in the third paragraph of section 33.
1983, c. 10, s. 13.
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