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TRUSTEE ACT 1925 - SECT 98 Money or securities

TRUSTEE ACT 1925 - SECT 98

Money or securities

98 Money or securities

(1) The payment of money or securities into court shall be subject to rules of court.
(2) The receipt or certificate of a registrar of the Court or other proper officer shall be a sufficient discharge to any trustee person or company for money or securities paid into court.
(3) Money or securities paid into court shall, subject to rules of court, be dealt with according to the orders of the Court.
(4) The Court may make such order as it thinks fit as to the investment payment or distribution of money or securities paid into court, or the dividends or income thereof.