Receiver may deal with property

In force

(1)

A receiver may deal with receivable property in any manner in which the relevant licensee or relevant associate could, had the receiver not been appointed, have dealt with it.

(2)

A receiver must, as soon as possible after receiving receivable property, vest the property in the person on whose behalf it was held by the relevant licensee or relevant associate.

This Act’s bill:Explanatory memorandum Second reading speech

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116 Receiver may deal with property