Section 25 Solicitors’ clients’ accounts.C1

In the Solicitors (Scotland) Act 1980—

(a)

in section 36(1) (interest on client’s money)—

(i)

the word “either” shall cease to have effect;

(ii)

after paragraph (a) there shall be inserted the following paragraph—

“(aa)
to keep in—
(i)
a deposit or share account with a designated building society; or
(ii)
an account showing sums on loan to a local authority,
being in either case an account kept by the solicitor in his own name for a specified client, money so received; or”; and

(iii)

in paragraph (b) after the words “paragraph (a)”, there shall be inserted the words “ or (aa) ”;

(b)

in section 42(3) (exceptions to provisions regarding distribution of sums in client’s bank account), at the end there shall be added the words

“; nor shall any regard be had for such purposes to any—
(a)
deposit or share account with a designated building society; or
(b)
account showing sums on loan to a local authority,
being in either case an account kept by the solicitor in his own name for a specified client.”; and

F1(c)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Annotations

Textual amendments

F1: S. 25(c) repealed by Solicitors (Scotland) Act 1988 (c. 42), s. 6(2)(3), Sch. 2

Modifications

C1: The text of ss. 23, 25, 28 is in the form in which it was originally enacted: it was not reproduced in Statutes in Force and, except as specified, does not reflect any amendments or repeals which may have been made prior to 1.2.1991.