(1) The appointment of a supervisor of trust money of a law practice terminates in the following circumstances:(a) the term of appointment comes to an end;(b) the appointment is set aside under section 557 (Appeal against appointment);(c) the appointment of a manager for the practice takes effect;(d) the appointment of a receiver for the practice takes effect;(e) the supervisor has distributed all trust money received by the practice and wound up all trust accounts;(f) a determination of the prescribed authority that the appointment be terminated has taken effect.(2) The prescribed authority may determine in writing that the appointment be terminated immediately or with effect from a specified date.(3) The prescribed authority must serve a written notice of the termination on all persons originally served with notice of the appointment.
PART 5.4 - Managers