A-23.001 - Act respecting arrangements for funeral services and sepultures

Section 69 Disposition versions

1990-10-01

69. Every depositary which, in respect of an amount contemplated in section 86,

(1)  allows all or part of any amount held by it to be deposited for a term exceeding five years,

(2)  allows all or part of any amount held by it to be invested by a person other than itself,

(3)  invests all or part of any amount held by it otherwise than in a form of investment authorized under section 26, or

(4)  invests all or part of funds held in trust by it in the form of a deposit certificate of a financial institution for a term exceeding five years,

is guilty of an offence and is liable to a fine of not less than $1,000 nor more than $50,000.

1987, c. 65, s. 69; 1990, c. 4, s. 62.

1988-03-01

69. Every depositary which, in respect of an amount contemplated in section 86,

(1)  allows all or part of any amount held by it to be deposited for a term exceeding five years,

(2)  allows all or part of any amount held by it to be invested by a person other than itself,

(3)  invests all or part of any amount held by it otherwise than in a form of investment authorized under section 26, or

(4)  invests all or part of funds held in trust by it in the form of a deposit certificate of a financial institution for a term exceeding five years,

is guilty of an offence and is liable, in addition to costs, to a fine of not less than $1 000 nor mor than $50 000.

1987, c. 65, s. 69.