Marginal note:Additional security
3.4 (1) Where security has been given to the Minister by a person under a provision of this Act and the Minister or any officer (in this section referred to as a “designated officer”) designated by the President for the purposes of this section determines that the security that has been given is no longer adequate, the Minister or a designated officer may, by notice served personally or by registered or certified mail, require additional security to be given by or on behalf of the person within such reasonable time as may be stipulated in the notice.
Marginal note:Payment where additional security not given
(2) Where the additional security required to be given by or on behalf of a person under subsection (1) is not given within the time it is so required to be given, the amount by which
(a) the amount owing in respect of which security that has been given to the Minister by the person is no longer adequate
(b) the value of the security that has been given to the Minister by the person, as determined by the Minister or a designated officer,
is payable by the person immediately.
- 1992, c. 28, s. 2;
- 2005, c. 38, s. 62.
Payment of Large Amounts
Marginal note:Where excess amount to be paid
3.5 Except in the circumstances that the Minister may specify, every person who makes a payment of any amount under this Act shall, if the amount exceeds the amount specified by the Minister, make the payment to the account of the Receiver General in the prescribed manner and within the prescribed time at
(a) a bank;
(b) a credit union;
(c) a corporation authorized by an Act of Parliament or of the legislature of a province to carry on the business of offering its services as a trustee to the public; or
(d) a corporation authorized by an Act of Parliament or of the legislature of a province to accept deposits from the public and that carries on the business of lending money on the security of real property or immovables or of investing in mortgages or hypothecary claims on immovables.
- 2001, c. 25, s. 4.
Performance of Obligations
Marginal note:Performance of obligations
4. Where more than one person is responsible for the performance of any obligation under this Act, performance of the obligation by any one of them shall be deemed to be performance by all of them.
4.1 In the case of goods to which paragraph 32(2)(b) applies, the Minister may accept from an importer or transporter an undertaking to assume obligations in relation to compliance with this Act and the regulations.
- 2001, c. 25, s. 5.
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