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Legal Ease
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Category: Canada Law
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Can a lawyer in Manitoba act as an escrow agent share

Customer Question

Can a lawyer in Manitoba act as an escrow agent for a share transaction if the party who wishes to transfer the share is not licensed in Canada
Submitted: 4 months ago.
Category: Canada Law
Expert:  Legal Ease replied 4 months ago.

A lawyer may act as an escrow agent but the law society cautions against doing this as the lawyer is not covered by their professional insurance as this is not considered as practicing law.

Does that answer your question?

Expert:  Legal Ease replied 4 months ago.

I was just thinking about our conversation and have been wondering if you have thought of any follow-up questions for me.

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