Full legislation
s.91
Payment of moneys into bank
The Official Receiver shall open in his name as Official Receiver an account
at a bank approved by the Chief Executive and shall pay to the credit thereof
all sums received by him as such Official Receiver or as trustee, and every
trustee in a bankruptcy, other than the Official Receiver, receiving money as
such trustee shall open an account at such bank in the name of the bankrupt’s
estate and shall pay to the credit of such account all sums which may from time
to time be received by him as such
trustee:
(Amended
47 of 1984 s. 12
;
76 of 1996 s. 72
;
18 of 2005 s. 32
)
Provided that the Official
Receiver may, on the application of the creditors’ committee, authorize any
other trustee to make his payments into and out of any other bank specified by
the committee in such application, and those payments shall be made in the
prescribed manner.
(Added
47 of 1984 s. 12
. Amended
76 of 1996 s. 74
)