Section 9

Withdrawal of money from trust account

9. (1) A licensee may withdraw from a trust account only the following money: 1. Money properly required for payment to a client or to a person on behalf of a client. 2. Money required to reimburse the licensee for money properly expended on behalf of a client or for expenses properly incurred on behalf of a client. 3. Money properly required for or toward payment of fees for services performed by the licensee for which a billing has been delivered. 4. Money that is directly transferred into another trust account and held on behalf of a client. 5. Money that under this Part should not have been paid into a trust account but was through inadvertence paid into a trust account.

Permission to withdraw other money

(2) A licensee may withdraw from a trust account money other than the money mentioned in subsection (1) if he or she has been authorized to do so by the Society.

Limit on amount withdrawn from trust account

(3) A licensee shall not at any time with respect to a client withdraw from a trust account under this section more money than is held on behalf of that client in that trust account at that time.