Revocation Of Cvor Cert, Dishonoured Payments Sect. 17.0.1
Posted: Wed Feb 18, 2009 4:52 pm
Revocation of CVOR certificate for dishonoured payments
Payment honoured
17.0.1 (1) The Registrar may revoke a CVOR certificate if the payment of the issuance, renewal or replacement fee in respect of the certificate has been dishonoured. 2002, c. 18, Sched. P, s. 5.
Notice
(2) The Registrar shall give the holder of the CVOR certificate notice, in the prescribed manner, of the proposed revocation under subsection (1) and, subject to subsection (3), the revocation shall take effect on the 30th day after the day the notice was given. 2002, c. 18, Sched. P, s. 5.
Payment honoured
(3) If the amount of the dishonoured payment, and any related fees, interest and penalties, are paid to the Registrar before the 30th day after the day the notice was given, the revocation shall not take effect. 2002, c. 18, Sched. P, s. 5.