LEGAL PROFESSION ACT 1987 - SECT 90B Sufficiency of Fidelity Fund
This legislation has been repealed.
LEGAL PROFESSION ACT 1987 - SECT 90B
Sufficiency of Fidelity Fund90B Sufficiency of Fidelity Fund
If the Fidelity Fund is at any time insufficient to meet all outstanding judgments and claims then enforceable against it:
(a) the Law Society Council may determine the manner of division among the successful claimants, or any of them to the exclusion of the others, of the money for the time being available in the Fidelity Fund, and
(b) the judgments and claims are to be finally satisfied from future accumulations of the Fidelity Fund, subject to any limitations imposed by this Act.