sec.759Continuing application of Trust Accounts Act, ss 12 and 13

### sec.759 Continuing application of Trust Accounts Act, ss 12 and 13 This section applies if— before the commencement day, a trustee received a demand mentioned in the Trust Accounts Act, section 12(3) or 13; and on the commencement day, the trustee has not dealt with the demand, or the trust moneys to which the demand relates, under that Act. Despite section 754, the trustee must deal or continue to deal with the demand and the trust moneys under the Trust Accounts Act, section 12 or 13. For dealing or continuing to deal with the demand and the trust moneys, the Trust Accounts Act as in force immediately before the commencement day continues to apply to the trustee. (sec.759-ssec.1) This section applies if— before the commencement day, a trustee received a demand mentioned in the Trust Accounts Act, section 12(3) or 13; and on the commencement day, the trustee has not dealt with the demand, or the trust moneys to which the demand relates, under that Act. (sec.759-ssec.2) Despite section 754, the trustee must deal or continue to deal with the demand and the trust moneys under the Trust Accounts Act, section 12 or 13. (sec.759-ssec.3) For dealing or continuing to deal with the demand and the trust moneys, the Trust Accounts Act as in force immediately before the commencement day continues to apply to the trustee. - (a) before the commencement day, a trustee received a demand mentioned in the Trust Accounts Act, section 12(3) or 13; and - (b) on the commencement day, the trustee has not dealt with the demand, or the trust moneys to which the demand relates, under that Act.