CONVEYANCERS LICENSING ACT 2003 - SECT 93
Appointment of manager
CONVEYANCERS LICENSING ACT 2003 - SECT 93
Appointment of manager
93 Appointment of manager
(1) The Secretary may appoint a manager for a licensee's conveyancing business
in any of the following cases if the Secretary is of the opinion that it is
necessary to make the appointment in order to protect the interests of other
persons--
(a) the licensee has made a request to the Secretary for the
appointment of a manager,
(b) the licensee's licence has been cancelled or is
under suspension,
(c) the Secretary is of the opinion (whether as a
consequence of a determination by the Secretary under Part 10 of the Property
and Stock Agents Act 2002 as applied by section 88 of this Act or otherwise)
that there has been, or that there may have been, a failure to account by the
licensee,
(d) the Secretary is of the opinion that a person is unable to
obtain payment or delivery of property held by the licensee because the
licensee--
(i) is mentally or physically infirm, or
(ii) is bankrupt, has
applied to take the benefit of any law for the relief of bankrupt or insolvent
debtors, has compounded with his or her creditors or has made an assignment of
his or her remuneration for their benefit, or
(v) has abandoned his or her conveyancing business.
(2) In the case
of a conveyancing business that is conducted by 2 or more licensees in
partnership, a reference in subsection (1) to a licensee is to be read as a
reference to all of the licensees in the partnership.
(3) The terms of
appointment of a manager must specify the remuneration to which the manager is
to be entitled in connection with the management of the conveyancing business
for which the manager is appointed.