Retention of hypothecated property: banks must retain confirmed attached assets and related distributions pending further orders. When confirmed attached property is hypothecated, mortgaged or pledged to a bank or financial institution, the authorised officer shall direct that ... Summary
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Retention of hypothecated property: banks must retain confirmed attached assets and related distributions pending further orders.
When confirmed attached property is hypothecated, mortgaged or pledged to a bank or financial institution, the authorised officer shall direct that institution to retain the property and any interest or dividend payable thereon, subject to further orders of the authorised officer.
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