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I-13.2.2 - Deposit Institutions and Deposit Protection Act

Section 34.3
Disposition versions

Full text
34.3. The Authority shall make payments in execution of its obligation under a guarantee within a reasonable time.
The Authority may execute its obligation under a guarantee by placing a deposit in any authorized deposit institution or in any bank at the disposal of the depositor.
In the case of a deposit of money in foreign currency, the Authority must calculate the deposit in Canadian dollars in accordance with the exchange rate published by the Bank of Canada on the date on which one of the cases referred to in the first paragraph of section 34.1 occurs or, if not published on that date, immediately before that date or, if the Bank does not publish an exchange rate, by the authorized deposit institution.
1983, c. 10, s. 15; 2002, c. 45, s. 198; 2004, c. 37, s. 90; 2018, c. 23, s. 361; 2024, c. 15, s. 117.
34.3. The Authority shall make payments in execution of its obligation under a guarantee within a reasonable time.
The Authority may execute its obligation under a guarantee by placing a deposit in any authorized deposit institution or in any bank at the disposal of the depositor.
1983, c. 10, s. 15; 2002, c. 45, s. 198; 2004, c. 37, s. 90; 2018, c. 23, s. 361.
34.3. The Authority shall make payments in execution of its obligation under a guarantee within a reasonable time.
The Authority may execute its obligation under a guarantee by placing a deposit in any registered institution or in any bank at the disposal of the depositor.
1983, c. 10, s. 15; 2002, c. 45, s. 198; 2004, c. 37, s. 90.
34.3. The Agency shall make payments in execution of its obligation under a guarantee within a reasonable time.
The Agency may execute its obligation under a guarantee by placing a deposit in any registered institution or in any bank at the disposal of the depositor.
1983, c. 10, s. 15; 2002, c. 45, s. 198.
34.3. The Board shall make payments in execution of its obligation under a guarantee within a reasonable time.
The Board may execute its obligation under a guarantee by placing a deposit in any registered institution or in any bank at the disposal of the depositor.
1983, c. 10, s. 15.
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