Notice to be given by companies that were formerly legal practitioners
5 Notice to be given by companies that were formerly legal practitioners
This clause applies to a corporation that was a legal practitioner within the meaning of this Act immediately before the commencement of clause 4.
A corporation to which this clause applies must, if it intends to continue to engage in legal practice in this jurisdiction, within
28 days following the commencement of clause 4, give the Supreme Court written notice, in the approved form and accompanied by the prescribed fee, of that intention.
A corporation to which this clause applies that engages in legal practice in this jurisdiction after the end of the 28 day period referred to in subclause (2) without giving a notice under that subclause is in default of this clause until it gives the Supreme Court written notice, in the approved form, of the failure to comply with that subclause and the fact that it has continued to engage in legal practice.
A corporation is not entitled to recover any amount for anything the corporation did while in default of this clause.
A person may recover from a corporation, as a debt due to the person, any amount the person paid to or at the direction of the corporation for anything the corporation did while in default of this clause.
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