Trust money not available to pay licensee’s debts

In force

(1)

Trust money is not available for the payment of the debts of the licensee to any other creditor of the licensee, or liable to be attached or taken in execution under the order or process of any court at the instance of any other creditor of the licensee.

(2)

This section does not take away or affect any just claim or lien that any licensee may have against or upon trust money.

This Act’s bill:Explanatory memorandum Second reading speech

Research tools for this sectionSubscription

Cited by Analyse Interrogate History Equivalents

The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.

55 Trust money not available to pay licensee’s debts