C-26, r. 33.1 - Regulation respecting the practice of the profession of certified management accountant within a partnership or joint-stock company

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11. The suretyship contract must be with a bank, savings and credit union, or trust or insurance company domiciled in Canada. The surety must also maintain sufficient property in Québec to honour the coverage provided for in this Division.
The surety must undertake to provide coverage in accordance with the conditions of this Division and to pay the amount due on behalf of the partnership or joint-stock company by waiving the benefit of division and discussion, up to the amount of the suretyship coverage.
O.C. 903-2011, s. 11.