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P-40.1 - Consumer Protection Act
Section 323.1
Disposition versions
323.1. Despite the second paragraph of section 323, an application for a road vehicle dealer’s or recycler’s licence must be accompanied by security, in the amount and form prescribed by regulation.
323.1. Despite the second paragraph of section 323, an application for a road vehicle dealer’s or recycler’s licence must be accompanied by security, in the amount and form prescribed by regulation.
An association of road vehicle dealers or an association of road vehicle recyclers may act as surety for its members, in the form, on the conditions and in the manner prescribed by regulation. In such a case, the association must deposit an amount with a trust company. The amount is fixed by the president.
323.1. (Repealed).
323.1. Every merchant who is required to hold a permit under paragraph d of section 321 must, in the manner and in accordance with the norms prescribed by regulation, keep at all times reserves intended to guarantee the obligations arising from the contracts of additional warranty made by him.
The merchant must also provide a statement of his operations to the president at the time and in the manner prescribed by regulation.
