F2
[Subsidiary]
L.N. 103/64.
L.N. 306/79.
L.N. 65/65.
CAP. 159]
Solicitors' Accounts Rules
[1979 Ed.
SOLICITORS' ACCOUNTS RULES
(Cap. 159, section 73)
[1 June 1965.]
Citation.
Interpretation.
Obligation to pay into client account.
Payment into client account.
1. These rules may be cited as the Solicitors' Accounts Rules.
2. In these rules, unless the context otherwise requires— "client" means any person on whose account a solicitor holds or receives client's money;
"client account" means a current or deposit account at a bank in the name of the solicitor in the title of which the word "client" appears;
"client's money" means money held or received by a solicitor on account of a person for whom he is acting in relation to the holding or receipt of such money either as a solicitor or, in connexion with his practice as a solicitor, as agent, bailee, stakeholder, solicitor-trustee or in any other capacity, but not money to which the only person entitled is the solicitor himself or, in the case of a firm of solicitors, one or more of the partners in the firm;
"solicitor" means a solicitor of the Court and any firm of solicitors; "solicitor-trustee" means a solicitor who is a sole trustee or who is co-trustee only with a partner, clerk or servant of his or with more than one of such persons; and
"trust money" means money held or received by a solicitor which is not client's money and which is subject to a trust of which the solicitor is a trustee, whether or not he is solicitor-trustee of such trust.
3. (1) Subject to the provisions of rule 9, a solicitor who holds or receives client's money, or money which under rule 4 he is permitted and elects to pay into a client account, shall without delay pay such money into a client account.
(2) For the purposes of this rule, a solicitor shall keep not less than one client account and may keep as many such accounts as he thinks fit.
4. There may be paid into a client account—
(a) trust money;
(b) such money belonging to the solicitor as may be necessary for the purpose of opening or maintaining the account;
(c) money to replace any sum which may by mistake or accident have been drawn from the account in contravention of rule 8(2); and
F2
[Subsidiary]
L.N. 103/64.
L.N. 306/79.
L.N. 65/65.
CAP. 159]
Solicitors' Accounts Rules
[1979 Ed.
SOLICITORS' ACCOUNTS RULES
(Cap. 159, section 73)
[1 June 1965.]
Citation.
Interpretation.
Obligation to pay into client account.
Payment into client account.
1. These rules may be cited as the Solicitors' Accounts Rules.
2. In these rules, unless the context otherwise requires- "client" means any person on whose account a solicitor holds or
receives client's money;
"client account" means a current or deposit account at a bank in the name of the solicitor in the title of which the word "client" appears;
"client's money" means money held or received by a solicitor on account of a person for whom he is acting in relation to the holding or receipt of such money either as a solicitor or, in connexion with his practice as a solicitor, as agent, bailee, stakeholder, solicitor-trustee or in any other capacity, but not money to which the only person entitled is the solicitor himself or, in the case of a firm of solicitors, one or more of the partners in the firm;
"solicitor" means a solicitor of the Court and any firm of solicitors; "solicitor-trustee" means a solicitor who is a sole trustee or who is co-trustee only with a partner, clerk or servant of his or with. more than one of such persons; and
"trust money" means money held or received by a solicitor which is not client's money and which is subject to a trust of which the solicitor is a trustee, whether or not he is solicitor-trustee of such trust.
3. (1) Subject to the provisions of rule 9, a solicitor who holds or receives client's money, or money which under rule 4 he is permitted and elects to pay ino a client account, shall without delay pay such money into a client account.
(2) For the purposes of this rule, a solicitor shall keep not less than one client account and may keep as many such accounts as he thinks fit.
4. There may be paid into a client account-
(a) trust money;
(b) such money belonging to the solicitor as may be necessary
for the purpose of opening or maintaining the account;
(c) money to replace any sum which may by mistake or accident have been drawn from the account in contraven- tion of rule 8(2); and
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