A-33, r. 6.1 - Regulation respecting the practice of the profession of hearing-aid acoustician within a partnership or a joint-stock company

Section 3 Disposition versions

2012-09-01

3. Hearing-aid acousticians may carry on their professional activities within a limited liability partnership or a joint-stock company if at all times,

(1)  all of the voting rights attached to the partnership units or company shares are held

(a)  by 1 or more hearing-aid acousticians;

(b)  by a legal person, trust or any other enterprise whose voting rights attached to the units, shares, equity securities or other rights are held entirely by one or more hearing-aid acousticians; or

(c)  in any combination by a person, a trust or another enterprise referred to in subparagraphs a and b of subparagraph 1 of the first paragraph;

(2)  in the case of a joint-stock company, all of the non-voting shares are held:

(a)  by 1 or more hearing-aid acousticians;

(b)  by a relative, either by direct or indirect line of descent, of a hearing-aid acoustician, who holds shares referred to in subparagraph 1 of the first paragraph;

(c)  by the spouse of a hearing-aid acoustician who holds shares referred to in subparagraph 1 of the first paragraph;

(d)  by a legal person, trust or another enterprise whose voting rights attached to the units, shares, equity securities or other rights are held entirely by a person referred to in subparagraphs a, b or c of subparagraph 2 of the first paragraph; or

(e)  in any combination by a person, a trust or an enterprise referred to in subparagraphs a, b, c or d of subparagraph 2 of the first paragraph;

(3)  the partners or, as the case may be, the directors are hearing-aid acousticians carrying on their professional activities within the partnership or joint-stock company; and

(4)  no partner or shareholder has an interest in an undertaking for the manufacture or wholesale of hearing aids sold within the partnership or joint-stock company.

Hearing-aid acousticians must ensure that the conditions are listed, as the case may be, in the partnership contract, the joint-stock company articles, the shareholders’ agreement or any other document relating to the constitution and operation of the partnership or joint-stock company.

O.C. 548-2010, s. 3.