22. Subject to section 29.1, every travel agent must, without delay, deposit in a trust account opened in Québec in his name, or credit to that account, all the funds that he receives in the course of his business from or on account of and by adding of a customer, for services rendered or to be rendered to the customer. He must keep those funds in that account until he is entitled to withdraw them under section 23 or until he remits them in accordance with section 40.
Despite the foregoing, a travel agent having no contract with a credit card issuer may send directly to another travel agent for whom the travel agent acts as intermediary or to the service supplier a payment received from a customer by credit card.
A trust account must be designated as an “account in trust” and must be opened in a Canadian chartered bank or in another institution authorized to receive deposits under the laws of Canada or Québec.
R.R.Q., 1981, c. A-10, r. 1, s. 22; O.C. 449-90, s. 10; O.C. 962-2004, s. 15; O.C. 496-2010, s. 20; 986-2018O.C. 986-2018, s. 191.