A-6.001, r. 10 - Regulation respecting the replacement of certificates evidencing the existence of bonds or other debt securities

Section 7 Disposition versions

2012-09-01

7. The declaration of responsibility required under paragraph 3 of section 3 must provide that:

(1)  the owner of the lost, stolen or destroyed security relieves the Gouvernement du Québec from responsibility toward anyone including himself that might result directly or indirectly from the replacement or redemption of a security reported lost, stolen or destroyed, from a claim by any third party to rights over such a security or from any other source directly or indirectly related to the loss, theft or destruction of the security for which replacement or redemption is requested, whether by oversight, accident, forgetfulness or neglect on the part of the Gouvernement du Québec or any of its agents, officers or employees; and

(2)  the owner undertakes to indemnity, on request, the Gouvernement du Québec for any amount of principal, interest, costs, fees or other expenses which it might be called upon to pay following or resulting from any claim, action or other proceeding brought by anyone against it and arising directly or indirectly from the circumstances described in paragraph 1.

O.C. 1261-85, s. 7.