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CONVEYANCERS LICENSING ACT 2003 - SECT 122 Investment of money by receiver

CONVEYANCERS LICENSING ACT 2003 - SECT 122

Investment of money by receiver

122 Investment of money by receiver

(1) A receiver may invest receivable property in any manner in which trustees are authorised by the Trustee Act 1925 to invest trust funds.
(2) Income received from an investment under this section, and any profit made on the sale of such an investment, is receivable property.