C-26, r. 34 - Regulation respecting the indemnity fund of the Ordre des comptables en management accrédités du Québec

Section 16 Disposition versions

2012-09-01

16. The balance of a member’s general trust account, the funds of which have been blocked or otherwise disposed of in accordance with section 32 of the Regulation respecting trust fund accounting by certified management accountants of Québec (chapter C-26, r. 31) is distributed by the secretary of the Order, at the expiry of 60 days following the publication of a notice to that effect in a newspaper having general circulation in the location where the member has or had his or her professional domicile, among the claimants on a prorata basis according to the amounts of their claims allowed, up to the amount of the claim, less the indemnity fixed under section 14.

The secretary of the Order causes the notice to be published after one year has elapsed with no new claim having been filed against the member.

O.C. 945-2010, s. 16.