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

Section 36 Disposition versions

2012-09-01

36. The executive committee, the president, the secretary, the assistant secretary, an inspector, the syndic, an assistant or corresponding syndic, or the secretary of the indemnity fund committee may:

(1)  require and obtain at any time from the financial institution that is the depository of any general or special trust account all the information or explanations considered necessary or useful for the purposes of this Regulation;

(2)  require and obtain at any time from a financial institution in which funds belonging to clients are deposited and which should have been deposited by the notary in a general or special trust account all the information or explanations considered necessary or useful for the purposes of this Regulation;

(3)  block deposited funds;

(4)  take possession of any funds, securities, and other property entrusted to a notary, revoke his signature, or close the account.

This section applies with the necessary modifications to accounts opened with a securities broker.

O.C. 995-2002, s. 36.