N-3, r. 8.1 - Regulation respecting the compensation fund of the Chambre des notaires du Québec

Section 20 Disposition versions

2020-04-09

20. The balance of a notary’s general trust account shall, subject to a regulation made under section 89 of the Professional Code (chapter C-26), be distributed by the secretary of the committee among the claimants in respect of the notary, in proportion and up to the amount of each claim allowed, less the sum paid pursuant to section 18, on the expiry of 60 days following publication of a notice to that effect in a newspaper having general circulation in the place where the notary has or had his professional domicile.

The secretary of the committee shall cause the notice to be published after one year has elapsed without any new claim exceeding the maximum indemnity payable under section 18 against the fund in respect of that notary.

O.C. 59-2012, s. 20; Décision OPQ 2017-141 (French only), s. 38; O.C. 171-2020, s. 16.

2018-01-01

20. (See French Edition).

O.C. 59-2012, s. 20; Décision OPQ 2017-141 (French only), s. 38.

2012-09-01

20. The balance of a notary’s general trust account shall, subject to section 42 of the Regulation respecting trust accounting by notaries (chapter N-3, r. 5), be distributed by the secretary of the Committee among the claimants in respect of the notary, in proportion and up to the amount of each claim allowed, less the sum paid pursuant to section 18, at the expiry of 60 days following publication of a notice to that effect in a newspaper circulating in the place where the notary has or had his professional domicile.

The secretary of the Committee shall cause the notice to be published after 1 year has elapsed without any new claim exceeding $100,000 against the fund in respect of that notary.

O.C. 59-2012, s. 20.