486Ending of supervisor’s appointment

486 Ending of supervisor’s appointment (1) The appointment of a supervisor of trust money of a law practice ends in the following circumstances: (a) the term of the appointment ends; (b) the appointment is set aside under section 514 (Appeal against appointment of supervisor or manager); (c) the appointment of a manager for the practice takes effect;

(d) the appointment of a receiver for the practice takes effect; (e) the supervisor has distributed all trust money received by the practice and wound up all trust accounts; (f) a decision of the law society council that the appointment be ended takes effect. (2) The law society council may decide that the appointment be ended immediately or with effect from a stated date. (3) The law society council must give written notice of the ending of the appointment to everyone given notice of the appointment.