C-26, r. 48 - Code of ethics of certified general accountants

Section 4.01.03 Disposition versions

2012-09-01

4.01.03. Despite section 4.01.02, a member is authorized to continue practising within a partnership or joint-stock company in which a person referred to in subparagraph a of subparagraph 1 of the first paragraph of section 1 or subparagraph a of subparagraph 1 of the first paragraph of section 2 of the Regulation respecting the practice of the certified general accountancy profession within a partnership or joint-stock company (chapter C-26, r. 55) is struck from the roll of the professional order or its equivalent or has his or her permit revoked, if the person

(1)  ceases to hold office as a director or officer of the partnership or joint-stock company within 10 days after the date on which the penalty or measure imposed becomes enforceable;

(2)  ceases to attend any meeting of shareholders and to exercise the right to vote within 10 days after the date on which the penalty or measure imposed becomes enforceable; or

(3)  disposes of all voting shares within 180 days after the date on which the penalty or measure imposed becomes enforceable.

O.C. 1095-2005, s. 14.