N-3, r. 5 - Regulation respecting trust accounting by notaries

Section 57 Disposition versions

2012-09-01

57. The balance of a notary’s general trust account the funds of which have been blocked or otherwise disposed of in accordance with sections 36 and 37 shall, at the expiry of 60 days following publication of a notice to that effect in a newspaper circulating in the place where the notary has or had his professional domicile, be distributed by the secretary of the committee among the claimants in proportion and up to the amount of each claim allowed, less the sum paid pursuant to section 56.

The secretary of the committee shall cause the notice to be published after one year has elapsed without a new claim exceeding $100,000 against the fund in respect of that notary.

O.C. 995-2002, s. 57.