Rule 5 Legal Practitioners’ Accounts Rules 1964

Rule 5 of the Legal Practitioners’ Accounts Rules 1964 is under Part II (Client accounts). It provides as follows:

Where a legal practitioner holds or receives a cheque or draft which includes client’s money or trust money of one or more trusts:

(a) he may where practitioner split such cheque or draft and; if he does so, he shall deal with each part thereof as if he had received a separate cheque or draft in respect of that part; or

(b) if he does not split the cheque or draft, he shall, if any part thereof consists of client’s money, and may in any other case, pay the cheque or draft into a client account.

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