(1) The appointment of a manager for a law practice terminates in the
following circumstances—
(a) the term of the appointment comes to an end;
(b) the appointment is declared invalid or terminated under section 531;
(c)
the appointment of a receiver for the practice takes effect, if the terms of
the receiver’s appointment indicate that the receiver is authorised to
exercise the functions and powers of a manager;
(d) the manager has wound up
the affairs of the practice;
(e) a termination of the appointment by the law
society takes effect.
(2) The law society may, by written notice to the
manager, terminate the manager’s appointment on or after a day stated in the
notice.
(3) If the appointment terminates in the circumstances mentioned in
subsection (1) (a) , (b) , (c) or (e) , the former manager must, after the
termination, transfer and deliver the regulated property and client files of
the law practice to—
(4) However, the former manager need not transfer the regulated property and
client files of the law practice under subsection (3) unless the manager’s
expenses for the external intervention have been paid.
(5) The law society
must give a copy of the notice under subsection (2) to the persons originally
given a notice of appointment.
