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Legal Profession Act 2006
498Records and accounts of law practice under receivership
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498 Records and accounts of law practice under receivership
and dealings with trust money
(1) A receiver for a law practice must keep the records and accounts of
the practice that the receiver manages—
(a) separately from the management of the affairs of the practice
before their appointment as receiver; and
(b) separately from the affairs of any other law practice that the
receiver is managing; and
(2) Subject to subsection (1), a receiver for a law practice must deal with
trust money of the practice in the same way as a law practice must
deal with trust money.