18. The company must deposit its available funds in a bank or an authorized foreign bank listed in Schedule I, II or III to the Bank Act (Statutes of Canada, 1991, chapter 46) or in an institution registered with the Régie de l’assurance-dépôts du Québec. It may, nevertheless, invest funds for a term of less than one year by buying securities issued or guaranteed by the Gouvernement du Québec, or the Government of Canada or of a Canadian province.
1978, c. 38, s. 18; 2002, c. 45, s. 559; 2002, c. 70, s. 186.