Plain language law

New Zealand law explained for everyone

Lawyers and Conveyancers Act 2006

Conduct of practice by practitioners - Practice rules and regulations

96: Practice rules in relation to nominee companies

You could also call this:

"Rules for lawyers with companies that manage clients' money"

Illustration for Lawyers and Conveyancers Act 2006

The New Zealand Law Society makes practice rules. You must follow these rules if you are a barrister or solicitor, or an incorporated law firm, and you operate a nominee company. This company must follow rules about how it is formed, run, and closed down, especially if it invests clients' money in things like mortgages or other securities, as seen in the legislation.

This text is automatically generated. It might be out of date or be missing some parts. Find out more about how we do this.

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM366124.

This page was last updated on — View changes

Topics:
Money and consumer rights > Consumer protectionBusiness > Industry rules
Previous

95: Code of professional conduct and client care, or

"Rules for Lawyers to Treat Clients Fairly"

Next

97: Certain practice rules in relation to lawyers, or

"Rules for Lawyers to Follow"

Part 6Conduct of practice by practitioners
Practice rules and regulations

96Practice rules in relation to nominee companies

  1. Practice rules made by the Council of the New Zealand Law Society must regulate, or provide for the regulation of, the formation, operation, management, and winding up of nominee companies that—

  2. are operated by barristers and solicitors or incorporated law firms; and
    1. invest money in contributory mortgages or other securities on behalf of clients.

      Compare