Regulation 7 Withdrawals in case of bankrupts

Where either a receiving order has been made in respect of the property of a sole depositor, or a trustee in bankruptcy of the property of a sole depositor has been appointed, the trustees may in their discretion pay the deposits standing in the name of such depositor or any part thereof to the Official Receiver or trustee in bankruptcy on the application of the Official Receiver or trustee in bankruptcy, and upon such evidence of the appointment as the trustees may require, and the receipt of the Official Receiver or trustee in bankruptcy shall be a good discharge to the trustees for the sum so paid.