C-48.1, r. 9 - Regulation respecting trust accounting by chartered professional accountants and the indemnity fund of the Ordre des comptables professionnels agréés du Québec

Section 28 Disposition versions

2012-09-01

28. The fund shall be maintained at a minimum amount of $300,000. The fund may consist of the following, less any related administrative expenses:

(1)  sums already allocated for this purpose on 14 June 1986;

(2)  sums allocated therefor by the board of directors;

(3)  assessments fixed for that purpose;

(4)  sums recovered from the offending member under a subrogation or pursuant to section 159 of the Professional Code (chapter C-26);

(5)  revenue and growth of fund assets;

(6)  sums that may be paid by an insurance company under an insurance or reinsurance policy taken out by the Order;

(7)  sums received by the Order for the fund; and

(8)  interest and other income generated by the members’ general trust accounts.

O.C. 57-2007, s. 28.