Rule 2 Legal Practitioners’ Accounts Rules 1964

Rule 2 of the Legal Practitioners’ Accounts Rules 1964 is under Part I (Interpretation). It provides as follows:

(1) In these Rules, unless the context otherwise requires:

     “Clients” shall include any person on whose account a legal practitioner holds or receives client’s money.

     “Client’s money” shall mean money held or received by a legal practitioner on account of a person for whom he is acting in relation to the holding or receipt of such money either as a legal practitioner or, in connection with his practice as a legal practitioner, as agent, bailee, stakeholder or in any other capacity; provided that the expression “client’s money” shall not include:

(a) Money held or received on account of the trustees of a trust of which the legal practitioner is a solicitor-trustee, or

(b) Money to which the only person entitled is the legal practitioner himself, or, in the case of a firm of legal practitioners, one or more of the partners in the firm;

 “Trust money’ shall mean money held or received by a legal practitioner which is not client’s money and which is subject to a trust of which the legal practitioner is a trustee whether or not he is solicitor-trustee of such trust.

      “Client account” shall mean a current or deposit account at a bank in the name of the legal practitioner in the title of which the word “client” appears.

      “Solicitor-trustee” shall mean a legal practitioner 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.

“Trust bank account” shall mean a current or deposit account in the title of which the word “trustee” or “executor” appears, kept at a bank in the name of the trustees of the trust and kept solely for money subject to a particular trust of which the legal practitioner is solicitor-trustee.

      These Rules dated the 22nd day of August, 1964 were made by the General Council of the Bar and approved by the Attorney-General under Section 15 of the Legal Practitioners’ Act 1962.

(2) Other expressions in these Rules shall have the meanings assigned to them by the Legal Practitioners’ Act 1962

(3)  The Interpretation Act shall apply to these Rules in the same manner as it applies to an Act of Parliament.

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