What is the current state of the law on the misuse of trust funds?
Ontario, Canada
The following excerpt is from Law Society of Ontario v. Langlois, 2021 ONLSTH 60 (CanLII):
In Bolton v. Law Society,[4] the Master of the Rolls stated that misuse of trust funds is a very serious breach of professional duty: …the essential issue … is the need to maintain among members of the public a well-founded confidence that any solicitor whom they instruct will be a person of unquestionable integrity, probity and trustworthiness.
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