Distributable sums credited to LLP accounts: banks remit securities proceeds to liquidator for allocation to the relevant LLP. Banks shall receive distributable sums and interest from securities or investments and place them to the credit of the liquidator's account, giving ... Summary
Distributable sums credited to LLP accounts: banks remit securities proceeds to liquidator for allocation to the relevant LLP.
Banks shall receive distributable sums and interest from securities or investments and place them to the credit of the liquidator's account, giving intimation to the liquidator; the liquidator shall then credit those sums or interest in his accounts to the LLP to which the related security or investment belongs.
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