Acts and Regulations

P-5 - Partnerships and Business Names Registration Act

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Authority to require liability insurance
8.86(1)Where an eligible profession is permitted by its governing Act, by a regulation made under that Act or by the governing body of the eligible profession to be practised in limited liability partnerships, the governing body is authorized to require its members who practise the profession in New Brunswick as partners in such partnerships or as employees of such partnerships to maintain a minimum amount of liability insurance.
8.86(2)Subsection (1) applies notwithstanding anything to the contrary or any lack of authority in the eligible profession’s governing Act.
2003, c.14, s.7