O-7, r. 5.1 - Code of ethics of optometrists

Section 54 Disposition versions

2018-05-17

54. Where an optometrist practises within a professional partnership or has an interest in such partnership, an optometrist must

(1)  notify immediately the secretary of the Order that under the Bankruptcy and Insolvency Act (R.S.C. 1985, c. B-3), the partnership has made an assignment of its property for the benefit of its creditors, is the subject of a receiving order or has made an offer that its creditors have refused or that the court has refused or rescinded;

(2)  ensure that the name of the partnership as well as its activities and the acts performed by the persons who act for or on behalf of the partnership are not derogatory to the honour or dignity of the profession of optometrist;

(3)  cease to practise in it when a partner, shareholder, director, officer or employee of the partnership is struck from the roll of a professional order for more than 3 months or whose professional permit is revoked, unless the person

(a)  ceases to hold the position of director or officer within the partnership within 15 days of the date on which the striking from the roll or the revocation of the permit has become enforceable;

(b)  ceases, where applicable, to attend any meeting of shareholders and to exercise the right to vote within 15 days of the date on which the striking from the roll or the revocation of the permit has become enforceable; or

(c)  relinquishes voting shares or deposits them with a trustee within 15 days of the date on which the striking from the roll or the revocation of the permit has become enforceable.

O.C. 515-2018, s. 54.

Not in force

In force: 2018-05-17

54. Where an optometrist practises within a professional partnership or has an interest in such partnership, an optometrist must

(1)  notify immediately the secretary of the Order that under the Bankruptcy and Insolvency Act (R.S.C. 1985, c. B-3), the partnership has made an assignment of its property for the benefit of its creditors, is the subject of a receiving order or has made an offer that its creditors have refused or that the court has refused or rescinded;

(2)  ensure that the name of the partnership as well as its activities and the acts performed by the persons who act for or on behalf of the partnership are not derogatory to the honour or dignity of the profession of optometrist;

(3)  cease to practise in it when a partner, shareholder, director, officer or employee of the partnership is struck from the roll of a professional order for more than 3 months or whose professional permit is revoked, unless the person

(a)  ceases to hold the position of director or officer within the partnership within 15 days of the date on which the striking from the roll or the revocation of the permit has become enforceable;

(b)  ceases, where applicable, to attend any meeting of shareholders and to exercise the right to vote within 15 days of the date on which the striking from the roll or the revocation of the permit has become enforceable; or

(c)  relinquishes voting shares or deposits them with a trustee within 15 days of the date on which the striking from the roll or the revocation of the permit has become enforceable.

O.C. 515-2018, s. 54.