OpenLegislation

Paragraph 19

In section 41 (appointment of judicial factor)—

(a)

after the word “solicitor”, where first occurring, there shall be inserted the words “ or an incorporated practice ”;

(b)

after the word “solicitor” where secondly occurring, there shall be inserted the words “ or, as the case may be, the incorporated practice ”;

(c)

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 ”;

(d)

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”;

(e)

after the word “solicitor”, where fourthly occurring, there shall be inserted the words “ or, as the case may be, of the incorporated practice ”;

(f)

after the word “solicitor”, where fifthly occurring, there shall be inserted the words “ or, as the case may be, the incorporated practice ”;

(g)

for the words “the solicitor’s” there shall be substituted the word “ such ”.