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C-73.1, r. 2 - By-law of the Association des courtiers et agents immobiliers du Québec
Section 151
Disposition versions
151. The sums of money constituting the financing fund shall be invested by the board of directors of the Association in the following manner:
(1) the portion of the sums that the board of directors of the Association plans to use in the short term shall be deposited into a separate account with a financial institution whose deposits are guaranteed under the Deposit Insurance Act or insured under the Canada Deposit Insurance Corporation Act. That financial institution shall be chosen by the Association;
(2) the other portion shall be invested in accordance with paragraphs 2 to 10 of article 1339 of the Civil Code of Québec.
