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Rules of Practice 1994 (S.R. 1994, No. 229)
|Requested: 29 Mar 2017|
|Consolidated as at: 17 Mar 2006|
40. Limit on withdrawal of money
(1) A firm must not withdraw any money in excess of $100 from a client's account in the trust ledger account except
(a) with an authorization in writing from the client; or
(b) in accordance with an account, bill of costs, letter, statement or memorandum posted to the client within a reasonable time to the client's last known address.
(2) A copy of every account, bill of costs, letter, statement or memorandum referred to in subrule (1) must be kept by the firm for at least 2 years.
(3) Subrule (1) does not apply to money received by a firm for costs.