51Law practice closing down, closing office or ceasing to receive or hold trust money

#### 51 Law practice closing down, closing office or ceasing to receive or hold trust money 51 Law practice closing down, closing office or ceasing to receive or hold trust money > > (1) A law practice that ceases to hold trust money because it ceases to exist as a law practice, to engage in legal practice or to practise in such a way as to receive trust money must, within 14 days of so ceasing to hold trust money, give the designated local regulatory authority— > > > > > (a) written notice of such of those facts as are applicable and the dates of their occurrence, and > > > > > (b) particulars sufficient to identify the law practice’s general trust accounts. > > > (2) In this rule, law practice includes a former law practice and the persons who were principals of the law practice immediately before the law practice ceased to exist as a law practice or to engage in legal practice.