S.L. 234.42 ст. 113Payments of liquidator into bank.

(1) Upon his appointment the liquidator shall notify the

Registrar of any bank account which the liquidator shall use for the purposes of receiving and making payments on behalf of the company. The liquidator shall not be entitled to receive and make payments until he has made such notification.

(2) A liquidator of a company which is being wound up by the court shall not pay any sums received by him as liquidator into an account or accounts other than an account or accounts which have been notified to the Registrar.

(3) In the event that any proceeds from the sale of a ship are received by the liquidator, the rights of preference of a holder of a registered mortgage and of a privileged creditor shall continue to apply over the sale proceeds in substitution of the ship in accordance with the Act.

(4) It shall not be lawful to issue precautionary or executive warrants over any accounts opened by the liquidator in accordance with this regulation.