C-67.3 - Act respecting financial services cooperatives

Section 601.19 Disposition versions

2018-07-13

601.19. The payment of a monetary administrative penalty is secured by a legal hypothec on the debtor’s movable and immovable property.

For the purposes of this division, “debtor” means the party responsible for a failure to comply that is required to pay a monetary administrative penalty and, if applicable, each of its officers and managers, in the case of a financial services cooperative, or each of its directors and officers, in any other case, who are solidarily liable with that party for the payment of the penalty.

2018, c. 23, s. 332.