Part II Powers Exercisable on Intervention
Solicitors Act 1974 (1974 c 47) | Legislation

Part II Powers Exercisable on Intervention

Money

5

(1)     The High Court, on the application of the Society, may order that no payment shall be made without the leave of the court by any person (whether or not named in the order) of any money held by him (in whatever manner and whether it was received before or after the making of the order) on behalf of the solicitor or his firm.

(2)     No order under this paragraph shall take effect in relation to any person to whom it applies unless the Society has served a copy of the order on him (whether or not he is named in it) and, in the case of a bank [or other financial institution], has indicated at which of its branches the Society believes that the money to which the order relates is held.

(3)     A person shall not be treated as having disobeyed an order under this paragraph by making a payment of money if he satisfies the court that he exercised due diligence to ascertain whether it was money to which the order related but nevertheless failed to ascertain that the order related to it.

(4)     This paragraph does not apply

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