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Upon the death or removal of a receiver the balance of cash at the bank shall be transferred to his successor, &c.
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13. Upon the death, resignation, or removal of any receiver appointed under this Act, the balance of cash for which he shall at that time have credit on his account as receiver with the Bank of Ireland, shall, as soon as a successor shall be appointed to the office of receiver, actually vest in such successor, and shall be immediately transferred to the account of such successor, to be applied for the purposes of this Act; and the receiver for the time being is hereby required to issue his drafts or orders, countersigned as aforesaid, for all unsatisfied charges and demands payable out of the monies in the Bank, although the same shall have accrued in the time of any former receiver.
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