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Upon the Death or Removal of Receiver, the Balance of Cash at the Bank shall be transferred to his Successor.
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XLI. And be it enacted, That upon the Death, Resignation, or Removal of any Receiver appointed under this Act the Balance of Cash for which he shall at that Time have Credit on his Account as Receiver with the Governor and Company of the Bank of Ireland, or on the Superannuation Fund or Reward Fund Account, and all Stock, Bills, Notes, Government or other Securities for Money, which he may at such Time have in that Character, shall, as soon as a Successor shall be appointed to the Office of Receiver, actually vest in such Successor, and shall be immediately transferred to the Account of such Successor, to be applied for the Purposes of this Act; and the Receiver for the Time being is hereby required to issue his Drafts or Orders, countersigned by the said Inspector General or Deputy Inspector, for all unsatisfied Charges and Demands payable out of the Monies in the Bank, although the same shall have accrued in the Time of any former Receiver.
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