Joint Stock Companies Act 1856

Payment of Money into the Bank.

LXXXIII. All Monies received under the Direction of the Court on account of the Sale or Conversion of any of the Assets of the Company, or in respect of Calls made on any Contributories, or of any other Matter, with the Exception of such Balance, if any, as the Official Liquidators may, with the Sanction of the Court, retain in their Hands for the Payment of Current Expenses, shall in England be paid into the Bank of England or some Branch thereof, and in Ireland into the Bank of Ireland or some Branch thereof, and in Scotland into One of the incorporated or chartered Banks in Scotland, to the Credit of such Account as the Court may direct; and no Money standing to such Account shall be paid out by the Bank except upon Cheques signed in such Manner as the Court directs.