# The Insolvency Regulations (Northern Ireland) 1996, Regulation 20: Payments into the Insolvency Account


(1) Subject to regulation 21, the trustee shall pay all money received by him in the course of carrying out his functions as such without any deduction into the Insolvency Account kept by the Department under Article 358 once every 14 days or forthwith if £5,000 or more has been received.
(2) Every payment of money into the Insolvency Account under paragraph (1) shall be sent direct to the bank where the Insolvency Account is kept by cheque drawn in favour of the “Insolvency Account” and crossed “A/c payee only” and the trustee shall on request be given by the Department a receipt for the money so paid.
(3) Every payment of money into the Insolvency Account under paragraph (1) shall be accompanied by a form obtainable from the Department for that purpose.
[E.R. 20]

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Source: https://www.legislation.gov.uk/nisr/1996/574/regulation/20 (the official version)
Page: https://openlegislation.uk/insolvency-regulations-northern-ireland-1996/regulation-20
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.