122
In forceInvestment of money by receiver
Part 8Management and receivership
Division 3Receivership
122 Investment of money by receiver
(1)
A receiver may invest receivable property in any manner in which trustees are authorised by the Trustee Act 1925 to invest trust funds.
(2)
Income received from an investment under this section, and any profit made on the sale of such an investment, is receivable property.
This Act’s bill:Explanatory memorandumSecond reading speech
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