BODIES CORPORATE (OFFICIAL LIQUIDATIONS) ACT - 1963 (ACT 180)

Section - 12 - Liquidation Fund

(1) There shall be a fund, to be known as the Liquidation Fund, into which shall be paid all moneys received by the liquidator under this Act and to which shall be debited all moneys disbursed by him thereunder.

(2) There shall be an account within the Liquidation Fund, to be known as the fees account, to which shall be credited all moneys received by the liquidator by way of fees and other charges.

(3) All payments required or authorised by this Act to be met out of the Liquidation Fund are hereby charged on that Fund.