Barrister AI
All legislation
TASAct
In force
This is the latest official compilation.Check the official source →
s 24

Receipt for certain moneys

In force
Part VGeneral

24 Receipt for certain moneys

A receipt for moneys payable to the Trust exonerates the mortgagee, purchaser, or other person on whose behalf the moneys are so payable from any liability to see to the application of those moneys and from any liability for the loss, misapplication, or non-application of those moneys, if the receipt –

is executed in accordance with this Act under the common seal of the Trust;

is in writing signed by two members of the Trust; or is in writing signed by a person or persons duly authorized for the purpose by the Trust or two members of the Trust.

Research tools for this sectionPro

The statute text is free to read above. View Pro plans to unlock the case-law research tools for each provision.