(1) This section applies if a default of a law practice arising from or
constituted by an act or omission of an associate of the practice was avoided,
remedied or reduced by a financial contribution made by the practice or by 1
or more other associates.
(2) The default, to the extent that it was avoided,
remedied or reduced, is a
"notional default" .
(3) This part applies to a notional default in the same
way as it applies to other defaults of law practices, but only the law
practice or the other associate or associates concerned are eligible to make
claims about the notional default.
