T-12, r. 4 - Regulation respecting the brokerage of bulk trucking services

Section 29 Disposition versions

2021-07-29

29. A brokerage permit holder may withdraw from the trust account only the following amounts:

(1)  an amount belonging to a subscriber that the permit holder collected for him or to a financial institution to whom the subscriber consented in writing to an assignment of that claim;

(2)  any amount required to reimburse administrative expenses required by the financial institution for the management of the account;

(3)  the interest paid into the account by the financial institution, less any administrative expenses;

(4)  part of a sum received under section 42.1 of the Transport Act (chapter T-12) that corresponds to brokerage fees.

O.C. 1483-99, s. 29; O.C. 1279-2011, s. 12; O.C. 927-2021, s. 4.

2012-09-01

29. A brokerage permit holder may withdraw from the trust account only the following amounts:

(1)  an amount belonging to a subscriber that the permit holder collected for him;

(2)  any amount required to reimburse administrative expenses required by the financial institution for the management of the account;

(3)  the interest paid into the account by the financial institution, less any administrative expenses;

(4)  part of a sum received under section 42.1 of the Transport Act (chapter T-12) that corresponds to brokerage fees.

O.C. 1483-99, s. 29; O.C. 1279-2011, s. 12.