Deposit of negotiable instruments: liquidator must bank received bills and credit proceeds to the liquidator account. All bills, cheques, hundies, notes and similar securities received by the liquidator must be deposited by the liquidator with a bank immediately for ... Summary
Deposit of negotiable instruments: liquidator must bank received bills and credit proceeds to the liquidator account.
All bills, cheques, hundies, notes and similar securities received by the liquidator must be deposited by the liquidator with a bank immediately for presentation or payment, and the proceeds when realised are to be credited by the bank to the liquidator's account.
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