CTHRepealedAct
Bankruptcy Act 1924
Bankers’ protection.Bankers’ protection.
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### Bankers’ protection.
For the purposes of this sub-section, the receipt of any money, security, or negotiable instrument from, or by the order or direction of, a bankrupt by his banker, and any payment and any delivery of any security or negotiable instrument made to, or by the order or direction of, a bankrupt by his banker, shall be deemed to be a transaction by the bankrupt with such banker dealing with him for value.
(2.) The lodging by the trustee of a caveat against the title of the bankrupt to deal with any estate or interest in land shall be deemed to be a sufficient intervention within the meaning of the last preceding sub-section.