sec.504Termination of supervisor’s appointment

### sec.504 Termination of supervisor’s appointment The appointment of a supervisor of trust money of a law practice terminates in the following circumstances— the term of the appointment comes to an end; the appointment is declared invalid or terminated under section 531 ; the appointment of a manager for the practice takes effect; the appointment of a receiver for the practice takes effect; the supervisor has distributed all trust money received by the practice and wound up all trust accounts; a termination of the appointment by the law society takes effect. The law society may, by written notice to the supervisor, terminate the supervisor’s appointment on or after a day stated in the notice. The law society must give a copy of the notice under subsection (2) to the persons originally given a notice of appointment. (sec.504-ssec.1) The appointment of a supervisor of trust money of a law practice terminates in the following circumstances— the term of the appointment comes to an end; the appointment is declared invalid or terminated under section 531 ; the appointment of a manager for the practice takes effect; the appointment of a receiver for the practice takes effect; the supervisor has distributed all trust money received by the practice and wound up all trust accounts; a termination of the appointment by the law society takes effect. (sec.504-ssec.2) The law society may, by written notice to the supervisor, terminate the supervisor’s appointment on or after a day stated in the notice. (sec.504-ssec.3) The law society must give a copy of the notice under subsection (2) to the persons originally given a notice of appointment. - (a) the term of the appointment comes to an end; - (b) the appointment is declared invalid or terminated under section 531 ; - (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 termination of the appointment by the law society takes effect.