Lawyers and Conveyancers Act 2006

Miscellaneous provisions - Transitional provisions relating to dissolution of District Law Societies

384: Final accounts of District Law Societies

You could also call this:

"What happens to a District Law Society's money and belongings when it closes down"

Illustration for Lawyers and Conveyancers Act 2006

You need to prepare final accounts for a District Law Society when its assets and liabilities are transferred to another body under section 373. This must happen as soon as possible after six months from when section 373 started. The final accounts must show the District Law Society's situation at the end of that six-month period. You have to send these accounts to certain people, depending on who now has the assets and liabilities. If the body is an incorporated society, it must send the accounts to the Minister and the New Zealand Law Society, along with the auditor's report on those accounts.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM367892.

This page was last updated on 4 January 2026 — View changes

Topics:

Money and consumer rights > Accounting and financial reportingBusiness > Industry rulesBusiness > Winding up and insolvencyGovernment and voting > Government departments

383: Employees, or

"What happens to employees when a District Law Society changes hands"

385: References to President of District Law Society, or

"What happens to references to a District Law Society President when it is dissolved"

Part 11Miscellaneous provisions
Transitional provisions relating to dissolution of District Law Societies

384Final accounts of District Law Societies

Where the assets and liabilities of a District Law Society become, by virtue of section 373, assets and liabilities of another body, that body must, as soon as practicable, after the close of the period of 6 months beginning with the date of the commencement of section 373, cause to be prepared final accounts of that District Law Society as at the close of that period.
If that body is an incorporated society, it must send a copy of the final accounts, together with a copy of the report of the auditor on those accounts, to the Minister and the New Zealand Law Society.
If that body is the New Zealand Law Society, it must send a copy of the final accounts, together with a copy of the report of the auditor on those accounts, to the Minister.