Prohibition on private-bank deposits for liquidators requires all received LLP winding-up funds to be kept out of personal accounts. Liquidators, including LLP Liquidators, are expressly prohibited from depositing monies received in their official capacity into any private bank account, ... Summary
Prohibition on private-bank deposits for liquidators requires all received LLP winding-up funds to be kept out of personal accounts.
Liquidators, including LLP Liquidators, are expressly prohibited from depositing monies received in their official capacity into any private bank account, requiring funds held by a liquidator to be kept separate from personal finances to prevent commingling and preserve custody integrity during LLP winding up.
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