R-15.1 - Supplemental Pension Plans Act

Full text
17. (Repealed).
1989, c. 38, s. 17; 2000, c. 41, s. 5.
17. The person responsible for the administration of a pension plan which has become effective before being registered shall, on receiving contributions, deposit them with a bank, an insurer or an institution holding a licence issued in accordance with the Deposit Insurance Act (chapter A-26) and keep such contributions on deposit until the plan is registered.
The deposit shall be repayable on demand or upon notice of not more than 30 days.
1989, c. 38, s. 17.