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I-13.2.2 - Deposit Institutions and Deposit Protection Act

Section 26
Disposition versions

Full text
26. (Repealed).
1966-67, c. 73, s. 26; 1968, c. 71, s. 3; 1974, c. 70, s. 473; 1977, c. 5, s. 14; 2002, c. 45, s. 188; 2004, c. 37, s. 90; 2009, c. 58, s. 4.
26. The following shall be deemed not to be deposits of money:
(a)  deposits the period for repayment of which exceeds that prescribed by the regulations;
(b)  funds obtained at the time of an issue of securities registered with the Authority under the Securities Act (chapter V‐1.1), unless otherwise provided for by the regulations;
(c)  the sums payable under an insurance or annuity contract issued by an insurance company, a mutual benefit association or a charitable association authorized to carry on business in Québec, in accordance with the Insurance Act (chapter A‐32);
(d)  promissory notes or negotiable instruments payable on demand or within 12 months of their issue and of which the amount in principal is at least $50,000.
1966-67, c. 73, s. 26; 1968, c. 71, s. 3; 1974, c. 70, s. 473; 1977, c. 5, s. 14; 2002, c. 45, s. 188; 2004, c. 37, s. 90.
26. The following shall be deemed not to be deposits of money:
(a)  deposits the period for repayment of which exceeds that prescribed by the regulations;
(b)  funds obtained at the time of an issue of securities registered with the Agency under the Securities Act (chapter V‐1.1), unless otherwise provided for by the regulations;
(c)  the sums payable under an insurance or annuity contract issued by an insurance company, a mutual benefit association or a charitable association authorized to carry on business in Québec, in accordance with the Insurance Act (chapter A‐32);
(d)  promissory notes or negotiable instruments payable on demand or within twelve months of their issue and of which the amount in principal is at least $50 000.
1966-67, c. 73, s. 26; 1968, c. 71, s. 3; 1974, c. 70, s. 473; 1977, c. 5, s. 14; 2002, c. 45, s. 188.
26. The following shall be deemed not to be deposits of money:
(a)  deposits the period for repayment of which exceeds that prescribed by the regulations;
(b)  funds obtained at the time of an issue of securities registered with the Commission des valeurs mobilières du Québec, unless otherwise provided for by the regulations;
(c)  the sums payable under an insurance or annuity contract issued by an insurance company, a mutual benefit association or a charitable association authorized to carry on business in Québec, in accordance with the Insurance Act (chapter A-32);
(d)  promissory notes or negotiable instruments payable on demand or within twelve months of their issue and of which the amount in principal is at least $50 000.
1966-67, c. 73, s. 26; 1968, c. 71, s. 3; 1974, c. 70, s. 473; 1977, c. 5, s. 14.
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