Other powers of receiver
117 Other powers of receiver
A receiver—
may prove, grant, claim or draw a dividend in respect of a debt that is receivable property, and
may take proceedings to recover damages for a tort committed in relation to receivable property, and
may give a receipt for money that is receivable property, and
may employ a person to advise or act in relation to receivable property,
in the name of the receiver or in the name of the relevant licensee or relevant associate.
A receipt given to a person under subsection (1) (c) discharges the person from any responsibility to see to the application of the money for which the receipt was given.
A receiver is not, in the exercise of his or her functions as a receiver, a personal representative of a deceased licensee.
This Act’s bill:Explanatory memorandumSecond reading speech
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