C-26, r. 56 - Regulation respecting the indemnity fund of the Ordre professionnel des comptables généraux accrédités du Québec

Section 4.04 Disposition versions

2012-09-01

4.04. The maximum indemnity payable out of that fund for the period covering the Order’s fiscal year is $60,000 for the total claims concerning a member and $40,000 per claimant.

Where the executive committee has reason to believe that claims exceeding $60,000 may be submitted to it with respect to a particular member, the board of directors must draw up an inventory of the sums of money held in trust by that member and must notify the persons liable to submit claims.

Where the total claims allowed by the board of directors exceed the $60,000 indemnity, that indemnity shall be distributed in proportion to the amounts of the claims.

R.R.Q., 1981, c. C-26, r. 33, s. 4.04; Decision 83-03-18, s. 6; O.C. 672-96, s. 11.