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I-13.2.2 - Deposit Institutions and Deposit Protection Act

Section 45.19
Disposition versions

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45.19. The payment of a monetary administrative penalty is secured by a legal hypothec on the debtor’s movable and immovable property.
For the purposes of this division, “debtor” means the party responsible for a failure to comply that is required to pay a monetary administrative penalty and, if applicable, each of its directors and officers who are solidarily liable with that party for the payment of the penalty.
2018, c. 23, s. 385.
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