Bank investments of surplus funds must follow the written request and instructions of the company liquidator, with proceeds credited accordingly. All investments must be made by the bank upon the written request of the Company Liquidator, with securities retained by the bank in the name and on ... Summary
Bank investments of surplus funds must follow the written request and instructions of the company liquidator, with proceeds credited accordingly.
All investments must be made by the bank upon the written request of the Company Liquidator, with securities retained by the bank in the name and on behalf of the Company Liquidator; securities shall not be sold except by the bank under the written instructions of the Company Liquidator, and when sold the proceeds shall be credited by the bank to the account of the Company Liquidator.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.