C-26, r. 28 - Code of ethics of certified management accountants

Section 44.2 Disposition versions

2012-09-01

44.2. Despite section 44.1, members are authorized to continue to practise their profession within a partnership or joint-stock company within which a person referred to in subparagraph a of subparagraph 1 of the first paragraph of section 3 or subparagraph a of subparagraph 1 of the first paragraph of section 4 of the Regulation respecting the practice of the profession of certified management accountant within a partnership or joint-stock company (chapter C-26, r. 33.1) has been struck off the roll of a professional order, or the equivalent, or has had their permit revoked, if

(1)  the person concerned ceases to be a director or officer of the partnership or joint-stock company within 10 days from the date of the penalty or the date on which the measure imposed is executory;

(2)  the person concerned ceases to attend all shareholder meetings and to exercise the person’s right to vote within 10 days from the date of the penalty or the date on which the measure imposed is executory; and

(3)  the person concerned disposes of his or her partnership or company shares with voting rights within 180 days from the date of the penalty or the date on which the measure imposed is executory.

O.C. 904-2011, s. 21.