Legal Profession Act 1966 · 2020 Revised Edition · Part 5B · Unclaimed Money Fund
70I. Interpretation of this Part
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In this Part, unless the context otherwise requires —“claimant” means any person who claims to be entitled to, or to be authorised to receive, any transferred unclaimed client money;“Fund” means the Unclaimed Money Fund maintained and administered by the Society under section 70J;“transfer date” means —
client
“client” includes —(a)in relation to contentious business — any person who, as a principal or on behalf of another person, retains or employs, or is about to retain or employ, a solicitor, and any person who is or may be liable to pay the costs of a solicitor, law corporation or limited liability law partnership; and(b)in relation to non-contentious business —(i)any person who, as a principal or on behalf of another, or as a trustee, an executor or an administrator, or in any other capacity, has power (express or implied) to retain or employ, and retains or employs or is about to retain or employ, a solicitor, law corporation or limited liability law partnership; and(ii)any person for the time being liable to pay a solicitor, law corporation or limited liability law partnership for his, her or its services any costs;
in relation to any transferred unclaimed client money, the date on which the Society approves an application for the payment of that money into the Fund under section 70K; and
Society
“Society” means the Law Society of Singapore established under section 37;
in relation to any transferred unclaimed intervention money, the date on which that money is paid into the Fund under paragraph 11(3) of the First Schedule;“transferred unclaimed client money” means any money paid into the Fund under section 70K;“transferred unclaimed intervention money” means any money paid into the Fund under paragraph 11(3) of the First Schedule;“trust account” means a trust account within the meaning of any rules made under section 72(1).
“claimant” means any person who claims to be entitled to, or to be authorised to receive, any transferred unclaimed client money;
“Fund” means the Unclaimed Money Fund maintained and administered by the Society under section 70J;
“transfer date” means —
in relation to any transferred unclaimed client money, the date on which the Society approves an application for the payment of that money into the Fund under section 70K; and
in relation to any transferred unclaimed intervention money, the date on which that money is paid into the Fund under paragraph 11(3) of the First Schedule;
“transferred unclaimed client money” means any money paid into the Fund under section 70K;
“transferred unclaimed intervention money” means any money paid into the Fund under paragraph 11(3) of the First Schedule;
“trust account” means a trust account within the meaning of any rules made under section 72(1).