D-4, r. 10 - Regulation respecting the practice of denturology within a limited liability partnership or a joint-stock company

Section 2 Disposition versions

2012-09-01

2. Denturologists are authorized to carry on their professional activities within a limited liability partnership or a joint-stock company if at all times,

(1)  all of the voting rights attached to the company shares or partnership units are held

(a)  by a denturologist;

(b)  by a legal person, partnership or joint-stock company or any other enterprise if the voting rights attached to the shares or units are held exclusively by a denturologist;

(c)  by a trust whose trustee is a denturologist; or

(d)  in any combination by a person, an enterprise or a trust referred to in subparagraph a, b or c;

(2)  no manufacturer, wholesaler, vendor or representative of products associated with the practice of denturology and no person holding a majority of the shares of such a manufacturer or wholesaler holds shares or units of the partnership or joint-stock company; and

(3)  a majority of the directors of the board of directors of the joint-stock company or the partners or the directors appointed by the partners to manage the affairs of the limited liability partnership are denturologists and constitute the majority of the quorum of such boards at all times.

Denturologists must ensure that the conditions listed in the first paragraph appear in the articles of the joint-stock company or in the contract of the limited liability partnership and that the documents stipulate that the partnership or joint-stock company is constituted for the purposes of professional activities.

O.C. 685-2008, s. 2.