Subrogation of rights of claimant against Account
97 Subrogation of rights of claimant against Account
On payment out of moneys standing to credit of the Account of any money in settlement in whole or in part of any claims under this Act, the State shall be deemed to be subrogated, to the extent of that payment, to all rights and remedies of the claimant against the licensee in relation to whom the claim arose or in the event of the death or insolvency or other disability of the licensee, against his personal representatives or other persons having authority to administer his estate, and to all other rights and remedies of the claimant in respect of the defalcation to which the claim relates.
[Section 97 amended: No. 59 of 1995 s. 86; No. 77 of 2006 Sch. 1 cl. 156(2); No. 58 of 2010 s. 159.]
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