sec.63Law practice closing down, closing office or ceasing to receive or hold trust money

### sec.63 Law practice closing down, closing office or ceasing to receive or hold trust money A law practice that holds trust money must give the law society at least 14 days written notice of its intention— to cease to exist as a law practice; or to cease to engage in legal practice in this jurisdiction; or to cease to practise in a way that involves it receiving trust money. A law practice must, within 14 days of ceasing to hold trust money, give the law society— written notice of that fact; and if the practice has not given a notice under subsection (1) within the previous 28 days, a notice that complies with that subsection. A notice under this section must include particulars sufficient to identify— a law practice’s general trust accounts and controlled money accounts; and trust money controlled by the practice, or by an associate, under a power; and trust money invested by the practice. In this section— law practice includes a former law practice and the persons who were principals of a law practice immediately before the law practice ceased to exist as a law practice or to engage in legal practice in this jurisdiction. (sec.63-ssec.1) A law practice that holds trust money must give the law society at least 14 days written notice of its intention— to cease to exist as a law practice; or to cease to engage in legal practice in this jurisdiction; or to cease to practise in a way that involves it receiving trust money. (sec.63-ssec.2) A law practice must, within 14 days of ceasing to hold trust money, give the law society— written notice of that fact; and if the practice has not given a notice under subsection (1) within the previous 28 days, a notice that complies with that subsection. (sec.63-ssec.3) A notice under this section must include particulars sufficient to identify— a law practice’s general trust accounts and controlled money accounts; and trust money controlled by the practice, or by an associate, under a power; and trust money invested by the practice. (sec.63-ssec.4) In this section— law practice includes a former law practice and the persons who were principals of a law practice immediately before the law practice ceased to exist as a law practice or to engage in legal practice in this jurisdiction. - (a) to cease to exist as a law practice; or - (b) to cease to engage in legal practice in this jurisdiction; or - (c) to cease to practise in a way that involves it receiving trust money. - (a) written notice of that fact; and - (b) if the practice has not given a notice under subsection (1) within the previous 28 days, a notice that complies with that subsection. - (a) a law practice’s general trust accounts and controlled money accounts; and - (b) trust money controlled by the practice, or by an associate, under a power; and - (c) trust money invested by the practice.