Termination of manager's appointment
585 Termination of manager's appointment
(1) The appointment of a manager for a law practice terminates in the following circumstances:
the term of the appointment comes to an end;
the appointment is set aside under section 606;
(c) the appointment of a receiver for the practice takes effect, where the terms of the appointment indicate that the receiver is authorised to exercise the powers and duties of a manager;
the manager has wound up the affairs of the practice;
(e) a decision of the Law Society that the appointment be terminated has taken effect.
(2) The Society may decide in writing that the appointment be terminated immediately or with effect from a specified date.
(3) If the appointment terminates in the circumstances referred to in subsection (1)(a), (b) or (d), the former manager must, as soon as practicable after the termination, transfer and deliver the regulated property and client files of the law practice to:
another external intervener appointed for the practice; or
(b) the practice, if another external intervener is not appointed for the practice.
(4) The former manager need not transfer regulated property and files to the law practice in compliance with subsection (3) unless the manager's expenses have been paid to the Society.
(5) The Society must serve a written notice of the termination on all persons originally served with notice of the appointment.
This Act’s bill:Explanatory statementSecond reading speech
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