I-13.2.2, r. 1 - Regulation respecting the application of the Deposit Institutions and Deposit Protection Act

Full text
1. The term deposit of money means the unpaid balance, including interest thereon, of funds received by a deposit institution or a bank in the normal course of receiving cash deposits from the public for investment, account transaction and safe-keeping purposes, where the obligation of the deposit institution or bank to repay is evidenced by a credit to the depositor’s account, by a deposit certificate or by any other document issued by the deposit institution or bank.
A deposit of money does not include
(1)  (subparagraph revoked);
(2)  funds used to acquire shares or equity securities;
(3)  funds repayable, in the case of a winding-up, at a rank subordinate to other ordinary due debts of the deposit institution or bank;
(4)  funds used to acquire securities of an investment fund;
(5)  traveller’s cheques.
A depositor is a person who makes a deposit of money within the meaning of the Deposit Institutions and Deposit Protection Act (chapter I-13.2.2) and this Regulation, or a person to whom a deposit institution or a bank is required to repay such deposit.
M.O. 2010-12, s. 1; 2020-09M.O. 2020-09, s. 2.
1. The term “deposit of money” means the unpaid balance, including interest thereon, of funds received by an institution or a bank in the normal course of receiving cash deposits from the public for investment purposes, where the obligation of the institution or bank to repay is evidenced by a credit to the depositor’s account, by a deposit certificate or by any other document issued by the institution or bank.
A deposit of money does not include
(1)  funds repayable upon the expiry of a term exceeding 5 years, unless the institution or bank is required to repay such funds, at any time, on demand by the depositor, after 5 years from the date of the deposit or unless such funds were received before 1 July 1970;
(2)  funds used to acquire shares or equity securities issued by a financial services cooperative, an insurer, a trust company or a savings company;
(3)  funds repayable, in the case of a winding-up, at a rank subordinate to other ordinary due debts of the institution or bank;
(4)  funds used to acquire shares of an investment fund.
A depositor is a person who makes a deposit of money within the meaning of the Deposit Institutions and Deposit Protection Act (chapter I-13.2.2) and this Regulation, or a person to whom an institution or a bank is required to repay such deposit.
M.O. 2010-12, s. 1.
1. The term “deposit of money” means the unpaid balance, including interest thereon, of funds received by an institution or a bank in the normal course of receiving cash deposits from the public for investment purposes, where the obligation of the institution or bank to repay is evidenced by a credit to the depositor’s account, by a deposit certificate or by any other document issued by the institution or bank.
A deposit of money does not include
(1)  funds repayable upon the expiry of a term exceeding 5 years, unless the institution or bank is required to repay such funds, at any time, on demand by the depositor, after 5 years from the date of the deposit or unless such funds were received before 1 July 1970;
(2)  funds used to acquire shares or equity securities issued by a financial services cooperative, an insurer, a trust company or a savings company;
(3)  funds repayable, in the case of a winding-up, at a rank subordinate to other ordinary due debts of the institution or bank;
(4)  funds used to acquire shares of an investment fund.
A depositor is a person who makes a deposit of money within the meaning of the Deposit Insurance Act (chapter A-26) and this Regulation, or a person to whom an institution or a bank is required to repay such deposit.
M.O. 2010-12, s. 1.