Marginal note:Remittance of remaining balance or initial surplus
399 (1) A suspended party referred to in paragraph 398(2)(a) shall remit to the Chief Electoral Officer the amount of any net balance of its assets over liabilities as disclosed by
(a) the immediately preceding statement of the party’s expenses provided under paragraph 396(1)(a); or
(b) the statement provided under paragraph 393(a), if the statement referred to in paragraph (a) has not been provided.
The Chief Electoral Officer shall forward the amount remitted to the Receiver General.
Marginal note:Remittance — eligible party
(2) A suspended party referred to in paragraph 398(2)(c) or (d) shall
(a) provide the Chief Electoral Officer with the statement and other documents referred to in subsection 396(1) for the portion of its current fiscal period since the end of the fiscal period for which it last provided such a statement or, if no such statement has been provided, the date on which the statement referred to in paragraph 393(a) was provided; and
(b) remit to the Chief Electoral Officer, who shall forward it to the Receiver General, the amount of any net balance of its assets over liabilities as disclosed by the statement provided under paragraph (a).
Marginal note:When statement to be provided
(3) A statement shall be provided under paragraph (2)(a) within six months after the deregistration of the suspended party.
Marginal note:Period for remittance
(4) A remittance under subsection (1) or paragraph (2)(b) shall be made within three months after the statement referred to in subsection (3) is provided.
Marginal note:Liability of chief agent
(5) 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) or paragraph (2)(b).
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