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Application of Companies Act 1967 and other written law to law corporations

Legal Profession Act 1966

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—(1) Nothing in this Division affects the operation of the Companies Act 1967, and the provisions of this Division apply with the provisions of the Companies Act 1967.(2) In the case of a conflict between any provision of the Companies Act 1967 and any provision in this Division, the provision in this Division prevails unless otherwise expressly provided in this Division.(3) A law corporation is deemed, even though the shares in the law corporation are held by more than 20 members, to be an exempt private company for the purposes of the Companies Act 1967.(4) A law corporation is not to be treated for the purposes of the Companies Act 1967 as a public company merely because it has more than 50 members.(5) Such provisions of any other written law having effect in relation to solicitors or law firms or limited liability law partnerships as may be prescribed, have effect in relation to law corporations with such prescribed modifications as may be necessary or expedient; and such provisions are to be construed accordingly.(6) In this section, references to this Division include references to rules made under section 166.

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