Legal Practice Act, 2014 (Act No. 28 of 2014)

Chapter 6 : Legal Practitioners' Fidelity Fund

Part 1 : Establishment of Fund and founding provisions

58. Legal Practitioners' Fidelity Fund Account
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(1)Money of the Fund must be deposited into a banking account held by the Fund at an institution registered as a bank, to the credit of an account to be known as the Legal Practitioners’ Fidelity Fund Account.

 

(2)The Board may invest money which is deposited in terms of subsection (1) and which is not immediately required for the purposes mentioned in this Act.