AustLII Tasmanian Consolidated Acts

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LEGAL PROFESSION ACT 2007 - SECT 250

Protection of trust money

(1)  Money standing to the credit of a trust account maintained by a law practice is not available for the payment of debts of the practice or any of its associates.
(2)  Money standing to the credit of a trust account maintained by a law practice is not liable to be attached or taken in execution for satisfying a judgment against the practice or any of its associates.
(3)  This section does not apply to money to which a law practice or associate is entitled.



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