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Canada Elections Act

Version of section 397 from 2003-01-01 to 2003-12-31:


Marginal note:Remittance of net balance to Receiver General

  •  (1) Within three months after providing the documents referred to in subparagraph 392(a)(i) and section 393, the chief agent of the suspended party shall remit an amount equal to any net balance of the suspended party’s assets over liabilities, calculated on the basis of the statement mentioned in paragraph 393(a) to the Chief Electoral Officer who shall forward that amount to the Receiver General.

  • Marginal note:Disposition of assets below value

    (2) The chief agent of the suspended party is liable for the remittance of an amount equal to the net balance of its assets over liabilities referred to in subsection (1).


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