Law society may delegate its powers in relation to the fidelity fund to a committee of management

Current

(1)

This section applies if the law society establishes a committee of management for the fidelity fund and delegates any or all of its powers in relation to the fidelity fund to the committee of management.

(2)

The committee must consist of not less than 3 nor more than 5 council members.

(3)

The majority of members of the committee must be council members.

This Act’s bill:Explanatory memorandum

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366 Law society may delegate its powers in relation to the fidelity fund to a committee of management