Dividend and interest crediting: bank must receive proceeds, notify Official Liquidator, and credit company account. Dividends and interest from securities or investments must be received by the bank and credited to the Official Liquidator's account; the bank must notify the Official Liquidator, who shall then credit the dividend or interest in his accounts to the company to which the security or investment relates.
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Provisions expressly mentioned in the judgment/order text.
Dividend and interest crediting: bank must receive proceeds, notify Official Liquidator, and credit company account.
Dividends and interest from securities or investments must be received by the bank and credited to the Official Liquidator's account; the bank must notify the Official Liquidator, who shall then credit the dividend or interest in his accounts to the company to which the security or investment relates.
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