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I-13.2.2 - Deposit Institutions and Deposit Protection Act

Section 33
Disposition versions

Full text
33. (Repealed).
1966-67, c. 73, s. 33; 1968, c. 71, s. 4; 1983, c. 10, s. 12; 2002, c. 45, s. 198; 2004, c. 37, s. 90; 2007, c. 15, s. 16.
33. The Authority shall guarantee to every person who makes a deposit of money with a registered institution or a bank the payment of such deposit at maturity in principal and interest, but only up to $20 000.
Such guarantee shall not apply to deposits of money made outside Québec or to those payable only outside Québec. Nor shall they apply to deposits of money made or payable in any currency other than that of Canada.
From 4 January 1983, this section applies only to deposits of money owing, at the date of cancellation or expiry of its permit, by an institution whose permit expired or was cancelled before 4 January 1983 and which continue to be guaranteed after 3 January 1983 under section 37.
1966-67, c. 73, s. 33; 1968, c. 71, s. 4; 1983, c. 10, s. 12; 2002, c. 45, s. 198; 2004, c. 37, s. 90.
33. The Agency shall guarantee to every person who makes a deposit of money with a registered institution or a bank the payment of such deposit at maturity in principal and interest, but only up to $20 000.
Such guarantee shall not apply to deposits of money made outside Québec or to those payable only outside Québec. Nor shall they apply to deposits of money made or payable in any currency other than that of Canada.
From 4 January 1983, this section applies only to deposits of money owing, at the date of cancellation or expiry of its permit, by an institution whose permit expired or was cancelled before 4 January 1983 and which continue to be guaranteed after 3 January 1983 under section 37.
1966-67, c. 73, s. 33; 1968, c. 71, s. 4; 1983, c. 10, s. 12; 2002, c. 45, s. 198.
33. The Board shall guarantee to every person who makes a deposit of money with a registered institution or a bank the payment of such deposit at maturity in principal and interest, but only up to $20 000.
Such guarantee shall not apply to deposits of money made outside Québec or to those payable only outside Québec. Nor shall they apply to deposits of money made or payable in any currency other than that of Canada.
From 4 January 1983, this section applies only to deposits of money owing, at the date of cancellation or expiry of its permit, by an institution whose permit expired or was cancelled before 4 January 1983 and which continue to be guaranteed after 3 January 1983 under section 37.
1966-67, c. 73, s. 33; 1968, c. 71, s. 4; 1983, c. 10, s. 12.
33. The Board shall guarantee to every person who makes a deposit of money with a registered institution or a bank the payment of such deposit at maturity in principal and interest, but only up to $20,000.
Such guarantee shall not apply to deposits of money made outside Québec or to those payable only outside Québec. Nor shall they apply to deposits of money made or payable in any currency other than that of Canada.
1966-67, c. 73, s. 33; 1968, c. 71, s. 4.
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