New South Wales Consolidated Acts
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LEGAL PROFESSION ACT 2004 - SECT 259
Protection of trust money
(1) Money standing to the credit of a trust
account maintained by a law practice is not available for the payment of debts
of the practice or any of its associates.
(2) Money standing to the credit of
a trust account maintained by a law practice is not liable to be attached or
taken in execution for satisfying a judgment against the practice or any of
its associates.
(3) This section does not apply to money to which a
law practice or associate is entitled.
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