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A-23.001, r. 1 - Regulation respecting the application of the Act respecting arrangements for funeral services and sepultures
Section 7
Disposition versions
7. The seller must, within 60 days following the coming into force of the Act, deposit in trust with a depositary the amounts referred to in section 86 of the Act.
Where the depositary chosen by the seller is not the financial institution with which the amounts referred to in section 86 of the Act had been deposited and where those amounts had been deposited in a term deposit, the seller must, within the time prescribed in the first paragraph, give to the financial institution where those amounts had been deposited irrevocable instructions in writing to forward them to the depositary at the maturity of the deposit or when it is cashed before maturity, as the case may be.
The seller must, within the time prescribed in the first paragraph, forward to the depositary a copy of the instructions referred to in the second paragraph.
