N-3, r. 5 - Regulation respecting trust accounting by notaries

Section 11 Disposition versions

2012-09-01

11. Upon opening a general trust account, the notary shall fill out the form approved for such purpose by the board of directors. The form must contain a declaration by the notary under his oath of office stating:

(1)  the name, address, postal code, and transit number of the depository institution, as well as the number of the account and the date of its opening;

(2)  an irrevocable waiver of the interest and other income from the account in favour of the notarial studies fund and an authorization allowing the financial institution to transfer the interest and other income from such account, less administration costs, if any, directly into the notarial studies fund;

(3)  an irrevocable authorization entitling the executive committee, the president, the secretary, the assistant secretary, an inspector, the syndic, or an assistant or corresponding syndic to undertake any action provided for in section 36 or 37;

(4)  an indication that the account complies with the Notaries Act (chapter N-3) and regulations adopted pursuant thereto;

(5)  an irrevocable authorization entitling the executive committee or the president of the Order, upon recommendation by the syndic, an assistant syndic, or the professional inspection committee of the Order, to require that the notary obtain, at his expense, the joint signature of another notary designated by the executive committee to draw cheques and other payment orders against the account.

O.C. 995-2002, s. 11.