C-48.1, r. 9 - Regulation respecting trust accounting by chartered professional accountants and the indemnity fund of the Ordre des comptables professionnels agréés du Québec

Section 12 Disposition versions

2016-01-01

12. Upon opening a general trust account, a member shall submit to the Order an affidavit duly completed on the form provided by the Order indicating:

(1)  the name, address, postal code and transit number of the depository financial institution, as well as the account number and the date of its opening;

(2)  an irrevocable waiver in favour of the Order of the interest or other income from such account and authorization for the financial institution to directly transfer to the Order the interest and other income from such account, less administration costs, if any, for payment into the indemnity fund;

(3)  an irrevocable authorization entitling the board of directors, the executive committee, the president of the Order, the secretary general, the professional inspection committee, the person in charge of professional inspection appointed in accordance with section 90 of the Professional Code (chapter C-26), an inspector, or a syndic, to take any action contemplated in section 25;

(4)  an irrevocable authorization entitling the board of directors, the executive committee or the president of the Order, upon recommendation by a syndic, the professional inspection committee or the person in charge of professional inspection appointed in accordance with section 90 of the Professional Code, to require that the member obtain, at his expense, the cosignature of another member designated by the inspection committee or a syndic, to draw cheques and other payment orders on the account.

O.C. 57-2007, s. 12; I.N. 2016-01-01 (NCCP).

2012-09-01

12. Upon opening a general trust account, a member shall submit to the Order a sworn statement duly completed on the form provided by the Order indicating:

(1)  the name, address, postal code and transit number of the depository financial institution, as well as the account number and the date of its opening;

(2)  an irrevocable waiver in favour of the Order of the interest or other income from such account and authorization for the financial institution to directly transfer to the Order the interest and other income from such account, less administration costs, if any, for payment into the indemnity fund;

(3)  an irrevocable authorization entitling the board of directors, the executive committee, the president of the Order, the secretary general, the professional inspection committee, the person in charge of professional inspection appointed in accordance with section 90 of the Professional Code (chapter C-26), an inspector, or a syndic, to take any action contemplated in section 25;

(4)  an irrevocable authorization entitling the board of directors, the executive committee or the president of the Order, upon recommendation by a syndic, the professional inspection committee or the person in charge of professional inspection appointed in accordance with section 90 of the Professional Code, to require that the member obtain, at his expense, the cosignature of another member designated by the inspection committee or a syndic, to draw cheques and other payment orders on the account.

O.C. 57-2007, s. 12.