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Article 62 Application of balance due from receiver

Original text. Later amendments are not shown.

The balance found due from a receiver on the passing of his accounts or so much of it as the court may direct, shall—

(a)

be paid by the receiver into court to the credit of the proceedings and invested in such manner as the court may direct, or

(b)

be invested or otherwise dealt with by the receiver in such manner as the court may direct.