Bank investments require a written request by the Official Liquidator; securities held and sold only on written instructions. Investments by the Bank require a written request from the Official Liquidator; securities are retained in the Bank in the name and on behalf of the Official Liquidator and may be sold only by the Bank under the Official Liquidator's written instructions, with sale proceeds credited to the Official Liquidator's account. The term Bank includes branches but not agencies.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Bank investments require a written request by the Official Liquidator; securities held and sold only on written instructions.
Investments by the Bank require a written request from the Official Liquidator; securities are retained in the Bank in the name and on behalf of the Official Liquidator and may be sold only by the Bank under the Official Liquidator's written instructions, with sale proceeds credited to the Official Liquidator's account. The term Bank includes branches but not agencies.
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