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Term of indentures (section 26 of Principal Act).
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42.—The Principal Act is hereby amended by the substitution of the following section for section 26:
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“Term of indentures.
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26.—(1) The Society may by regulations provide for the term or terms (not to exceed two years) of service under indentures of apprenticeship of persons (including law clerks) or specified categories of persons seeking to be admitted as solicitors and any such regulations shall apply to indentures of apprenticeship existing at the date on which such regulations come into effect.
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(2) On the date which is six months after the coming into operation of this section, or the coming into effect of regulations made under subsection (1) of this section, whichever is the sooner, the provisions of the Second Schedule to this Act shall cease to have effect.
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(3) In this section ‘law clerk’ means a person who has satisfied the Society—
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(a) that he has for a continuous period of at least five years been a bona fide clerk to a practising solicitor or solicitors,
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(b) that he has, during such period, been bona fide engaged in the transaction and performance under the direction and supervision of a practising solicitor or solicitors of such legal business as the Society are satisfied was of a sufficiently responsible nature, and
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(c) that he has diligently served as such clerk.”.
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