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Paragraph 26.4 Management of money paid to sheriff clerk

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

(1)

A receipt in Form 35 by the sheriff clerk shall be a sufficient discharge in respect of the amount paid to him under rules 26.1 to 26.3.

(2)

The sheriff clerk shall, at the request of any competent court, accept custody of any sum of money in an action of damages ordered to be paid to, applied, invested or otherwise dealt with by him, for the benefit of a person under legal disability.

(3)

Any money paid to the sheriff clerk under rules 26.1 to 26.3 must be paid out, applied, invested or otherwise dealt with by the sheriff clerk only after such intimation, service and enquiry as the sheriff may order.

(4)

Any sum of money invested by the sheriff clerk under rules 26.1 to 26.3 must be invested in a manner in which trustees are authorised to invest by virtue of the Trustee Investments Act 1961f1.

Annotations

Footnotes

f1

1961 c. 62.