124. When a suit for damages resulting from an accident relating to a motor vehicle is settled between the parties before judgment, the latter or their attorneys shall deposit in the records of the case a joint statement to such effect, and the prothonotary or the clerk of the court shall, within eight days of the deposit of such statement, give notice thereof to the Régie, at Québec.
The Régie may, upon receipt of such notice, require that the parties who shall be bound to do so, provide it with all the information which it may deem expedient on the conditions of such settlement.
The Régie may make any other inquiry which it believes useful to verify the conditions of such settlement, and in general, the circumstances of the accident which brought about the proceedings.
If it comes to the conclusion that the defendant or any other person involved in the accident has committed and offence contemplated in section 118, it shall suspend the permit and the registration certificate of the vehicle involved in the accident, for a period of at least three months, and shall order that such permit be transmitted to the branch of the provincial administration charged with the carrying out of this act.
Refusal or neglect by the holder to surrender his permit in compliance with such order shall constitute an offence and render the offender liable, on summary proceeding, to a fine of $25 to $200 and costs, and on failure to pay the fine and costs, to imprisonment for not less than eight days nor more than thirty days.
R. S. 1964, c. 231, s. 97; 1980, c. 38, s. 18.