CTHRepealedAct
Securities Industry Act 1980
118Subrogation of securities exchange to rights etc. of claimant on payment from fund
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##### 118 Subrogation of securities exchange to rights etc. of claimant on payment from fund
On payment out of a fidelity fund of a securities exchange of any moneys in respect of a claim under this Part, the securities exchange shall be deemed to be subrogated to the extent of that payment to all the rights and remedies of the claimant in relation to the loss suffered by him from the defalcation or fraudulent misuse of property.