Law Society Act
R.R.O. 1990, REGULATION 709
LAW FOUNDATION
Historical version for the period May 6, 1993 to March 24, 2008.
Last amendment: O. Reg. 289/93.
This is the English version of a bilingual regulation.
1. In this Regulation,
“banker” means a bank listed in Schedule I or II to the Bank Act (Canada), a provincial savings office or a trust corporation registered under the Loan and Trust Corporations Act; (“banque”)
“mixed trust account” means an account to which section 57 of the Act applies. (“compte mixte en fiducie”) R.R.O. 1990, Reg. 709, s. 1.
2. The report required under section 57 of the Act shall be in Form 1 and shall be filed annually with the Society at the time of filing the report required by section 16 of Regulation 708 of the Revised Regulations of Ontario, 1990 by each member to whom section 57 of the Act applies and the Society shall receive such reports on behalf of the Foundation and deliver them to the Foundation. R.R.O. 1990, Reg. 709, s. 2.
3. Every member to whom section 57 of the Act applies shall direct his or her banker,
(a) to pay into an account held in the name of the Foundation, quarterly or monthly, as approved by the board of trustees of the Foundation, the interest referred to in subsection 57 (2) of the Act; and
(b) to give written notice to the member and to the Foundation when each payment is made setting out the amount of the payment and the balance or balances and rate or rates of interest used in computing the payment. R.R.O. 1990, Reg. 709, s. 3.
FORM 1
REPORT TO THE LAW FOUNDATION OF ONTARIO
Law Society Act
R.R.O. 1990, Reg. 709, Form 1.