Solicitors Act, 1954

PART VIII.

The Compensation Fund.

Compensation Fund.

69.—(1) The Society shall establish and maintain a fund to be known as the Compensation Fund.

(2) The Society may make grants out of the Compensation Fund to relieve or mitigate losses sustained in consequence of dishonesty of solicitors.

(3) The provisions contained in the Fifth Schedule to this Act shall have effect in relation to the Compensation Fund.

(4) A reference in this section or in the Fifth Schedule to this Act to dishonesty of a solicitor shall be construed as a reference to dishonesty of a solicitor, or a clerk or servant of a solicitor, in connection with such solicitor's practice or with a trust of which such solicitor is a trustee.