107
CurrentFinancial institution to transfer restrained funds to Public Trustee
Part 8Management of seized, restrained and forfeited property
Division 1Control and management of property
107 Financial institution to transfer restrained funds to Public Trustee
(1)
A financial institution that is holding in an account funds that are restrained under this Act must, on demand by the Public Trustee, transfer the restrained funds to the Public Trustee.
(2)
The Public Trustee must hold on trust any funds received under this section and deal with the funds in accordance with the Public
Trustee Act 1979.
This Act’s bill:Second reading speech
Research tools for this sectionSubscription
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.