Trustee to pay moneys into bank.Trustee to pay moneys into bank.

### Trustee to pay moneys into bank. E.B.A., s. 89 (2). N.S.W., s. 102. Vic., s. 114. Q., s. 136. S.A., s. 144 (1). W.A., s. 71. Tas., s. 29. 138.—(1.) The trustee shall pay any moneys received by him into such bank as the creditors by resolution at any general meeting appoint, and failing such appointment, into such bank as the official receiver approves, to the credit of an account to be opened and kept by the trustee in the name of the bankrupt’s estate. (2.) If the trustee at any time keeps in his hands any money exceeding Twenty-five pounds for more than ten days, he shall unless he can prove to the satisfaction of the Court that his reason for retaining the money was sufficient— E.B.A., s. 89 (5). (a) pay interest at the rate of Twenty pounds per centum per annum on the excess; and (b) be, on the application of any creditor or the official receiver, dismissed by the Court from his office of trustee, and have no claim for remuneration, and be liable to any expenses to which the creditors are put in consequence of his dismissal.