I-13.2.2 - Deposit Institutions and Deposit Protection Act

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1.1. This Act applies to all deposits of money made in Québec.
However, this Act does not apply to the following deposits, funds, sums or instruments:
(1)  (paragraph repealed);
(2)  deposits made with banks that are not member institutions of the Canada Deposit Insurance Corporation established by the Canada Deposit Insurance Corporation Act (Revised Statutes of Canada, 1985, chapter C-3);
(3)  deposits whose term exceeds that prescribed by the regulations;
(4)  funds obtained at the time of an issue of securities in accordance with the Securities Act (chapter V-1.1), unless otherwise provided by the regulations;
(5)  sums payable under an insurance or annuity contract issued by an insurer carrying on business in Québec, in accordance with the Insurers Act (chapter A-32.1);
(6)  a promissory note payable in one year or less and, if distributed to a natural person, evidencing a debt of $50,000 or more;
(7)  any other deposit determined by regulation.
2009, c. 58, s. 3; 2018, c. 232018, c. 23, s. 349.
1.1. This Act applies to all deposits of money made in Québec.
However, this Act does not apply to the following deposits, funds, sums or instruments:
(1)  deposits that are not payable in Canada or in Canadian currency;
(2)  deposits made with banks that are not member institutions of the Canada Deposit Insurance Corporation established by the Canada Deposit Insurance Corporation Act (Revised Statutes of Canada, 1985, chapter C-3);
(3)  deposits whose term exceeds that prescribed by the regulations;
(4)  funds obtained at the time of an issue of securities in accordance with the Securities Act (chapter V-1.1), unless otherwise provided by the regulations;
(5)  sums payable under an insurance or annuity contract issued by an insurer carrying on business in Québec, in accordance with the Insurance Act (chapter A-32);
(6)  a promissory note payable in one year or less and, if distributed to a natural person, evidencing a debt of $50,000 or more;
(7)  any other deposit determined by regulation.
2009, c. 58, s. 3.