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B-1, r. 11.1 - Regulation respecting the compensation fund of the Barreau du Québec
Section 4
Disposition versions
4. The accounting for the fund must be kept separate from the accounting of the other funds of the Bar.
The sums constituting the fund are invested by the executive committee as follows:
(1) the portion of the sums the executive committee intends to use on a short-term basis is deposited in a financial institution governed by the Trust Companies and Savings Companies Act (chapter S-29.02), the Bank Act (S.C. 1991, c. 46), the Act respecting financial services cooperatives (chapter C-67.3) or the Trust and Loan Companies Act (S.C. 1991, c. 45);
(2) the other portion is constituted of investments presumed sound, within the meaning of article 1339 of the Civil Code, made in accordance with the investment policy of the executive committee and principles of the Civil Code applicable to such investments.
4. The accounting for the fund must be kept separate from the accounting of the other funds of the Bar.
The sums constituting the fund are invested by the executive committee as follows:
(1) the portion of the sums the executive committee intends to use on a short-term basis is deposited in a financial institution governed by the Act respecting trust companies and savings companies (chapter S-29.01), the Bank Act (S.C. 1991, c. 46), the Act respecting financial services cooperatives (chapter C-67.3) or the Trust and Loan Companies Act (S.C. 1991, c. 45);
(2) the other portion is constituted of investments presumed sound, within the meaning of article 1339 of the Civil Code, made in accordance with the investment policy of the executive committee and principles of the Civil Code applicable to such investments.
