Deposit obligations for negotiable instruments require the liquidator to lodge instruments with a bank for collection and credit. All bills, cheques, hundies, notes and other similar securities payable to the LLP or to the Liquidator must be deposited by the Liquidator with a bank for presentation for acceptance and payment or for payment only, and the realised proceeds are to be credited by the bank to the Liquidator's account.
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Deposit obligations for negotiable instruments require the liquidator to lodge instruments with a bank for collection and credit.
All bills, cheques, hundies, notes and other similar securities payable to the LLP or to the Liquidator must be deposited by the Liquidator with a bank for presentation for acceptance and payment or for payment only, and the realised proceeds are to be credited by the bank to the Liquidator's account.
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