A-6.002, r. 1 - Regulation respecting fiscal administration

Section 10r4 Disposition versions

2012-09-01

10R4. A document given to the Minister shall:

(1)  be a deposit certificate with a banking or financial institution having its head office or an establishment in Québec, or be a bond, note, hypothec or other similar document issued or guaranteed by the Government of Canada, the government of a province, a municipality or other public body performing a function of Government in Canada, or by a corporation, commission or association not less than 90% of the shares, capital or property of which is owned by the Government of Canada, the government of a province or a municipality, or by an educational institution or hospital centre where, in the case of the latter, the document is guaranteed by the government of the province;

(2)  be of an amount sufficient to cover the entire debt, including all interest payable upon the giving of the document, and all interest becoming payable within the following 12 months;

(3)  be free of any encumbrance or charge in respect of a third party;

(4)  be deposited with a banking or financial institution having its head office or an establishment in Québec, that shall retain possession on behalf of the Minister until extinction of the debt.

O.C. 1930-86, s. 1; O.C. 1466-98, s. 18.