Official Liquidator dividend account: separate bank accounts for each declaration, with transfers from the Reserve Bank account. The Official Liquidator must open a separate dividend account for each company in liquidation, titled to identify the company, and maintain a distinct account for each declaration of dividend. Upon declaration, the total dividends must be deposited by transfer from the Official Liquidator's Reserve Bank account into the relevant dividend account, from which all dividend payments are to be made; any unpaid balance must be transferred back to the Reserve Bank account before being paid into the company's liquidation account as unclaimed dividends.
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Official Liquidator dividend account: separate bank accounts for each declaration, with transfers from the Reserve Bank account.
The Official Liquidator must open a separate dividend account for each company in liquidation, titled to identify the company, and maintain a distinct account for each declaration of dividend. Upon declaration, the total dividends must be deposited by transfer from the Official Liquidator's Reserve Bank account into the relevant dividend account, from which all dividend payments are to be made; any unpaid balance must be transferred back to the Reserve Bank account before being paid into the company's liquidation account as unclaimed dividends.
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