Paragraph 19
In section 41 (appointment of judicial factor)—
after the word “solicitor”, where first occurring, there shall be inserted the words “ or an incorporated practice ”;
after the word “solicitor” where secondly occurring, there shall be inserted the words “ or, as the case may be, the incorporated practice ”;
for the words “in connection with his practice as a solicitor” there shall be substituted the words “ , in the case of a solicitor, in connection with his practice as such ”;
after the word “arise” there shall be inserted the following
“; or
(c)that, in the case of an incorporated practice, either—
(i)its liabilities exceed its assets, or
(ii)its books, accounts and other documents are in such a condition that it is not reasonably practicable to ascertain definitely whether its liabilities exceed its assets, or
(iii)there is reasonable ground for apprehending that a claim on the guarantee fund may arise”;
after the word “solicitor”, where fourthly occurring, there shall be inserted the words “ or, as the case may be, of the incorporated practice ”;
after the word “solicitor”, where fifthly occurring, there shall be inserted the words “ or, as the case may be, the incorporated practice ”;
for the words “the solicitor’s” there shall be substituted the word “ such ”.