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C-73.1, r. 1 - Regulation respecting the application of the Real Estate Brokerage Act

Section 38
Disposition versions

Full text
38. The sums constituting the fund, less the sums required for its operation, shall be invested by its board of directors in the following manner:
(1)  the portion of the sums that the fund’s board of directors foresees using in the short term shall be deposited with a financial institution whose deposits are guaranteed under the Deposit Insurance Act (chapter A-26) or insured under the Canada Deposit Insurance Corporation Act (R.S.C., 1985, c. C-3);
(2)  the remainder shall be invested in accordance with paragraphs 2 to 10 of article 1339 of the Civil Code of Québec.
O.C. 1863-93, s. 38.
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