N-3, r. 8.1 - Regulation respecting the compensation fund of the Chambre des notaires du Québec

Section 2 Disposition versions

2020-04-09

2. The compensation fund must be maintained at not less than $1,000,000.

It shall consist of

(1)  sums allocated to the fund by the board of directors;

(2)  assessments levied for that purpose;

(3)  sums or property recovered from notaries by subrogation or pursuant to section 159 of the Professional Code (chapter C-26);

(4)  income earned on the sums and property constituting the fund; and

(5)  sums paid by an insurer under an insurance policy held by the Order.

O.C. 59-2012, s. 2; O.C. 171-2020, s. 2.

2012-09-01

2. The compensation fund must be maintained at not less than $500,000 and shall consist of:

(1)  moneys allocated to the fund by the board of directors;

(2)  assessments levied for that purpose;

(3)  moneys or property recovered from notaries by subrogation or pursuant to section 159 of the Professional Code (chapter C-26);

(4)  income earned on the moneys and property making up the fund;

(5)  moneys paid by an insurer under an insurance policy held by the executive committee.

O.C. 59-2012, s. 2.