Authority to pay distributable sum allows an entitled person to direct the liquidator to pay a nominated third party. A person entitled to a distributable sum may lodge with the liquidator a written authority authorising payment of that distributable sum to a named third party; the authority must be in the prescribed form (Form No. 84).
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.
Authority to pay distributable sum allows an entitled person to direct the liquidator to pay a nominated third party.
A person entitled to a distributable sum may lodge with the liquidator a written authority authorising payment of that distributable sum to a named third party; the authority must be in the prescribed form (Form No. 84).
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.