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P-2.2 - Act to facilitate the payment of support
Section 49
Disposition versions
49. Where a person owing an amount under this Act is or is to become the debtor of a financial institution and has furnished security for the debt, and the institution has not yet paid its consideration for the debt, the Minister may, by written notice, require that the institution pay to the Minister all or part of the consideration.
49. Where a person owing an amount under this Act is the debtor of a financial institution and has furnished security for his debt, and the institution has not yet paid its consideration for the debt, the Minister may, by written notice, require that the institution pay to the Minister all or part of the consideration.
The same rule applies where the person is to become the debtor of a financial institution within one year after the date of the notice from the Minister.
