Section 92Part 14 — Administration of a Debtor’s Estate by the Trustee
Money received to be deposited in Government Savings Bank
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The Trustee shall, forthwith or within such time as may be prescribed, pay all sums of money from time to time received by the Trustee in the course of the administration of estates of debtors in accordance with Part 8 of the Public Management and Finance Act (2026 Revision).
Interest shall be allowed on such money in the same way as interest is allowed on deposits of private persons.
In accordance with Part 8 of the Public Management and Finance Act (2026 Revision), or any law amending or substituted for the same, the Trustee may draw out any money standing to the credit of the Trustee in Bankruptcy Account for the purposes of administering any estate, and until money drawn out as aforesaid is applied to such purposes the Trustee shall, subject to any order of a court of competent jurisdiction, deal with such money in accordance with such general or special directions as may be given by the Cabinet —
the Trustee shall never expend the money of one estate for the purposes of another estate.
Cross References
- Section 0 of Public Management And Finance Act 2026 Revision
Reference to Part 8 for depositing and drawing money