INVESTMENTS AND SECURITIES ACT
Section 42: Money in trust account not available for payment of debt
(1) A capital market operator shall not except as otherwise provided in this part of this Act pay his debts with any money held in a trust account.
(2) Monies held in a trust account shall be liable to be paid or taken in execution of an order of a court or tribunal.
Cite this section
Section 42, INVESTMENTS AND SECURITIES ACT (2007).
https://repo.podus.ai/laws/investments-and-securities-act/section/42/