(1)
A practitioner who, or an incorporated firm which, makes an election under section 317(1)—
must make that election in writing; and
must, as soon as practicable after making the election, deliver the election to the society by which his or her practising certificate is issued.
(2)
An election made under section 317(1) by an incorporated firm must be signed by all the directors and shareholders of the incorporated firm.
(3)
An election made under section 317(1) by a practitioner ceases to be in force if—
his or her practising certificate expires or otherwise ceases to be in force; or
the election is revoked by the practitioner.
(4)
A practitioner who makes an election under section 317(1) may revoke the election by signing a written revocation of the election and delivering that written revocation to the society to which the election was delivered.
(5)
An election made under section 317(1) by an incorporated firm ceases to be in force if—
all of the persons who signed the election cease to hold practising certificates; or
the election is revoked.
(6)
A revocation of an election made under section 317(1) by an incorporated firm is effected by the delivery to the society to which the election was delivered of a written revocation signed by all the directors and shareholders of the incorporated firm.