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R-17.0.1, r. 3 - Regulation respecting voluntary retirement savings plans
Section 26
Disposition versions
26. The administrator may close the member’s accounts where the balance of the accounts for a period of at least 12 consecutive months is zero and no transactions related to the accounts have been made.
Furthermore, where the amounts to be paid to an untraceable member are transferred to the Minister of Revenue in accordance with the Unclaimed Property Act (chapter B-5.1), the administrator may close the accounts of that member.
