Legal Profession Act |
Legal Profession (Solicitors’ Trust Accounts) Rules |
R 9 |
REVISED EDITION 1990 |
(25th March 1992) |
[8th August 1985] |
Citation |
1. These Rules may be cited as the Legal Profession (Solicitors’ Trust Accounts) Rules. |
Definitions |
2. In these Rules, unless the context otherwise requires —
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Trust accounts |
3. Subject to rule 9, every solicitor-trustee who holds or receives money subject to a trust of which he is a solicitor-trustee, other than money which is paid into a client account as permitted by the Legal Profession (Solicitors’ Accounts) Rules shall without delay pay such money into thetrust account of the particular trust. [S 381/98 wef 01/08/1998] [R 8.] |
Moneys to be paid into a trust account |
4. There may be paid into a trust account —
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Cheque or draft which includes trust money to be paid into a client account |
5. Where a solicitor holds or receives a cheque or draft which includes money subject to a trust or trusts of which the solicitor is solicitor-trustee, he shall pay it into a client account as permitted by the Legal Profession (Solicitors’ Accounts) Rules. |
No money other than money under rules 3 and 4 to be paid into a trust account |
6. No money, other than money which under rules 3 and 4 a solicitor is required or permitted to pay into a trust account, shall be paid into a trust account, and it shall be the duty of a solicitor into whose trust account any money has been paid in contravention of this rule to withdraw the money without delay on discovery. [S 381/98 wef 01/08/1998] |
Moneys which may be withdrawn from a trust account |
7. There may be drawn from a trust account—
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Council to authorise withdrawal |
8. No money, other than money drawn from a trust account under rule 7, shall be so drawn unless the Council of the Law Society of Singapore upon an application made to it by the solicitor expressly authorises in writing its withdrawal. [S 381/98 wef 01/08/1998] |
Where solicitor under no obligation to pay money into trust account |
9. Notwithstanding the provisions of these Rules, a solicitor shall not be under obligation to pay into a trust account money subject to a trust of which he is the solicitor-trustee —
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Books and accounts |
Power of Council to require production of books or accounts, etc. |
11.—(1) In order to ascertain whether these Rules have been complied with, the Council acting —
[S 381/98 wef 01/08/1998]
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Requirements of Council - how made |
12. Every requirement to be made by the Council of a solicitor-trustee under these Rules —
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Saving |
13. Nothing in these Rules shall deprive a solicitor of any recourse or right, whether by way of lien, set-off, counter-claim, charge or otherwise, against moneys standing to the credit of a trust account. [S 381/98 wef 01/08/1998] |
Current Acts and Subsidiary Legislation | |
Current Acts | |
Current Subsidiary Legislation | |
All Collections | |
Acts Supplement | |
Bills Supplement | |
Subsidiary Legislation Supplement | |
Revised Editions of Acts | |
Revised Editions of Subsidiary Legislation |