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N-1.1, r. 0.1 - Regulation respecting personnel placement agencies and recruitment agencies for temporary foreign workers
Section 29
Disposition versions
29. Security provided in the form of a surety bond may only be issued by a legal person authorized to act as surety under the Bank Act (S.C. 1991, c. 46), the Act respecting financial services cooperatives (chapter C-67.3), the Act respecting trust companies and savings companies (chapter S-29.02) or the Insurers Act (chapter A-32.1).
Security provided by cheque, postal money order or bank money order may only be provided by the licence holder for the licence holder and the licence holder is required to comply with the surety’s obligations in addition to those that the licence holder has as principal debtor.
In force: 2020-01-01
29. Security provided in the form of a surety bond may only be issued by a legal person authorized to act as surety under the Bank Act (S.C. 1991, c. 46), the Act respecting financial services cooperatives (chapter C-67.3), the Act respecting trust companies and savings companies (chapter S-29.02) or the Insurers Act (chapter A-32.1).
Security provided by cheque, postal money order or bank money order may only be provided by the licence holder for the licence holder and the licence holder is required to comply with the surety’s obligations in addition to those that the licence holder has as principal debtor.
