—(1) An act or omission of a solicitor may constitute unsatisfactory professional conduct or professional misconduct even though it is only done or occurs while the solicitor provides legal services through a law corporation.
(2) The directors of the law corporation who are solicitors shall be jointly liable to disciplinary proceedings under this Act if the business of the law corporation is conducted in a manner unbefitting an honourable profession and where such conduct cannot be attributed to the act or omission of a particular solicitor or solicitors whose identity is known.
(3) A director or an employee of a law corporation who is a solicitor (whether or not he has in force a practising certificate) shall not —
hold shares in any other law corporation;
be a director or a consultant or an employee of any other law corporation;
be a partner or a consultant or an employee of any law firm or limited liability law partnership; or
practise as a solicitor on his own account.
(4) Subsection (3) shall not prevent a locum solicitor engaged by a law corporation from concurrently practising as a locum solicitor in another law corporation or any law firm or limited liability law partnership.