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N-3, r. 6.2 - Regulation respecting the practice of the notarial profession within a non‑profit legal person
Section 9
Disposition versions
9. In the course of engaging in professional activities within a non‑profit legal person, the only sums the notary may hold in trust are advances on fees. The notary must deposit them in a trust account reserved for that sole purpose, of which the notary is the holder or a user, and which meets the requirements of the Regulation made under section 89 of the Professional Code (chapter C‑26). The non‑profit legal person may not be the holder of the trust account.
In force: 2023-05-25
9. In the course of engaging in professional activities within a non‑profit legal person, the only sums the notary may hold in trust are advances on fees. The notary must deposit them in a trust account reserved for that sole purpose, of which the notary is the holder or a user, and which meets the requirements of the Regulation made under section 89 of the Professional Code (chapter C‑26). The non‑profit legal person may not be the holder of the trust account.
