OpenLegislation

Section 61 Discharge of security where new security given

Original text. Later amendments are not shown.

Where a receiver is authorised or directed to give new security, and—

(a)

the new security has been completed, and

(b)

he has paid or secured to the satisfaction of the Public Trustee any balance due from him,

the former security shall, unless the Public Trustee otherwise directs, be discharged.