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N-3, r. 5 - Regulation respecting trust accounting by notaries

Section 7
Disposition versions

Full text
7. All funds entrusted to a notary by a client must, as soon as possible after receipt, be deposited in a general trust account that has been opened in the notary’s name and may be withdrawn solely by him. The account may nevertheless be held jointly by 2 or more notaries.
A notary may give another notary a mandate to deposit funds into or withdraw funds from his trust account.
Neither the funds nor the interest accrued belong to the notary.
O.C. 995-2002, s. 7.
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