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Section 227 - Legal Profession Act 2006 - Protection of trust money — Zoe

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Legal Profession Act 2006

227Protection of trust money

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227 Protection of trust money (1) Money standing to the credit of a trust account kept by a law practice is not available for the payment of debts of the practice or any of its associates. (2) Money standing to the credit of a trust account kept by a law practice is not liable to be attached or taken in execution for satisfying a judgment against the practice or any of its associates. (3) This section does not apply to money to which a law practice or associate is entitled.

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