New Zealand Legislation: Acts

75 Bank to notify closing of trust account

• Where—

  • (a) Under section 73(2)(c) of this Act the donee of a power of attorney has given notice of it to any bank in which a solicitor's trust account is kept; and

  • (b) That notice has not been followed by a notice under section 74(3)(b) of this Act of the release of the donee; and

  • (c) The bank is requested to close any such trust account, or any such account is closed,—

  the bank shall forthwith notify the Secretary of the District Law Society for the district in which the trust account is kept of the request or closure.

  Compare: 1961 No 47 s 23; 1962 No 121 s 10