11Law practice must deposit and keep deposited minimum amounts

11 Law practice must deposit and keep deposited minimum amounts

11 Law practice must deposit and keep deposited minimum amounts

(1) A law practice must—

(a) deposit an amount not less than the minimum amount from the law practice’s general trust account into a Law Society account, and

(b) keep deposited the minimum amount in the Law Society account.

(2) Each principal of a law practice must take reasonable steps to ensure the law practice complies with subsection (1).

(3) This section does not affect an enforceable lien or claim that a law practice has over, or to, any money.