Deposit of negotiable instruments requires LLP liquidator to lodge all bills and cheques with a bank for payment and credit.

Upon receipt by the liquidator in voluntary winding-up, all bills, cheques, hundies, notes and similar securities payable to the LLP or to the liquidator must be deposited with a bank for presentation for acceptance and payment or for payment only, and the realised proceeds shall be credited by the bank to the account of the liquidator.

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