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Section 62 Maintenance of security by bond

Original text. Later amendments are not shown.

Every person who has given security by a bond shall, whenever his accounts are passed or the Public Trustee so directs, satisfythe Public Trustee—

(a)

that any premiums payable in respect of the bond have been duly paid, or

(b)

if the bond was given by personal sureties, that each surety is living and within the jurisdiction and has neither been adjudicated bankrupt nor compounded with his creditors,

and, if the Public Trustee is not so satisfied, he may require new security to be given or may give such other directions as he thinks fit.