Q-2, r. 28.1 - Regulation respecting financial guarantees payable for the operation of a residual organic materials reclamation facility

Section 8 Disposition versions

2019-06-13

8. The guarantee may be provided in the form of

(1)  a bank draft or a certified cheque made out to the Minister of Finance and the Economy;

(2)  debt securities in Canadian dollars issued or guaranteed by the Gouvernement du Québec or any other government in Canada having a market value at least 10% greater than the amount of the guarantee calculated in accordance with the table in Schedule I;

(3)  a security, with a waiver of the benefits of division and discussion, issued by a legal person governed by the Insurers Act (chapter A-32.1), the Act respecting financial services cooperatives (chapter C-67.3) or the Bank Act (S.C. 1991, c. 46); or

(4)  an irrevocable letter of credit issued by a legal person referred to in paragraph 3.

O.C. 287-2014, s. 8.

2014-04-24

8. The guarantee may be provided in the form of

(1)  a bank draft or a certified cheque made out to the Minister of Finance and the Economy;

(2)  debt securities in Canadian dollars issued or guaranteed by the Gouvernement du Québec or any other government in Canada having a market value at least 10% greater than the amount of the guarantee calculated in accordance with the table in Schedule I;

(3)  a security, with a waiver of the benefits of division and discussion, issued by a legal person governed by the Act respecting insurance (chapter A-32), the Act respecting financial services cooperatives (chapter C-67.3) or the Bank Act (S.C. 1991, c. 46); or

(4)  an irrevocable letter of credit issued by a legal person referred to in paragraph 3.

O.C. 287-2014, s. 8.