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C-73 - Real Estate Brokerage Act

Section 11
Disposition versions

Full text
11. Every broker shall keep
(a)  in his books, a trust account wherein he shall enter all amounts that he receives in the course of his business for the account of others and all disbursements chargeable to such amounts, and
(b)  in a chartered bank, Québec savings bank or trust company, an account called “trust account” in which he shall deposit exclusively the moneys received in the course of his business for the account of others and he shall not disburse such money except in accordance with the terms of his trust.
R. S. 1964, c. 267, s. 10.
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