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Property and Stock Agents Act 2002
155Investment of money by receiver
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155 Investment of money by receiver
155 Investment of money by receiver
(1) A receiver may invest receivable property in any manner in which trustees are authorised by the Trustee Act 1925 to invest trust funds.
(2) Income received from an investment under this section, and any profit made on the sale of such an investment, is receivable property.