C-73.1, r. 2 - By-law of the Association des courtiers et agents immobiliers du Québec

Section 137 Disposition versions

2012-09-01

137. The accounting registers showing the sums held in trust by the certificate holder referred to in section 130 shall be integrated into an accounting system kept according to generally accepted accounting principles and shall contain the following information, recorded in chronological order:

(1)  in the case of a sum received in trust and deposited into the general trust account:

(a)  the number attributed to the transaction by the certificate holder;

(b)  the sum received;

(c)  the date of receipt of the sum, where different from the date of acceptance of the transaction proposal;

(d)  the number of the receipt issued to the depositor for the sum received;

(e)  the date of entry in the register; and

(f)  the date of deposit with the financial institution;

(2)  in the case of a sum received in trust and withdrawn from the general trust account:

(a)  the number attributed to the transaction by the certificate holder;

(b)  the sum withdrawn;

(c)  the number attributed to the cheque, bill of exchange or transfer slip used for the withdrawal;

(d)  the name of the beneficiary of the cheque, bill of exchange or transfer slip used for the withdrawal;

(e)  the date appearing on the cheque, bill of exchange or transfer slip used for the withdrawal; and

(f)  the date of entry in the register;

(3)  in the case of a sum received in trust and deposited into a special trust account:

(a)  the information provided for in paragraph 1;

(b)  identification of the special account; and

(c)  the name of the financial institution with which the account was opened;

(4)  in the case of a sum received in trust and withdrawn from a special trust account:

(a)  the information provided for in paragraph 2;

(b)  identification of the special account; and

(c)  the name of the financial institution with which the account was opened.

O.C. 1865-93, s. 137.