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Lawyers and Conveyancers Act 2006

Lawyers and Conveyancers Special Fund

289: Lawyers and Conveyancers Special Fund

You could also call this:

"A special fund to help lawyers and conveyancers, owned by their societies together."

Illustration for Lawyers and Conveyancers Act 2006

You know about a fund called the New Zealand Law Society Special Fund. It was set up by section 91B of the Law Practitioners Act 1982. It is now called the Lawyers and Conveyancers Special Fund. The Lawyers and Conveyancers Special Fund is owned by the New Zealand Law Society and the New Zealand Society of Conveyancers together. They have to hold the fund in trust for certain purposes. Until all of Part 5 starts, the Special Fund still belongs to the New Zealand Law Society. They have to hold it in trust for certain purposes.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM367352.

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Topics:
Money and consumer rights > Consumer protectionBusiness > Industry rules
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288: Annual report, or

"The Council's yearly report to the Minister about what they've done."

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290: Money payable into Fund, or

"Money for the Lawyers and Conveyancers Special Fund"

Part 9Lawyers and Conveyancers Special Fund

289Lawyers and Conveyancers Special Fund

  1. The New Zealand Law Society Special Fund, which was established by section 91B of the Law Practitioners Act 1982, continues in existence but is, as from the commencement of this Act, to be known as the Lawyers and Conveyancers Special Fund.

  2. Subject to subsection (3), the Special Fund is, by this Act, vested in the New Zealand Law Society and the New Zealand Society of Conveyancers jointly and is to be held by those societies in trust for the purposes specified in this Part.

  3. Until the whole of Part 5 comes into force, the Special Fund remains the property of the New Zealand Law Society and is to be held in trust for the purposes specified in this Part.

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