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LEGAL PROFESSION ACT 2007 - SECT 256 Protection of trust money

LEGAL PROFESSION ACT 2007 - SECT 256

Protection of trust money

256 Protection of trust money

(1) Money standing to the credit of a trust account kept 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 kept 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.