Section 49: Bank accounts
consolidated text (as at 2017, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
49. Bank accounts
(1) Where a bank ascertains that a customer of the bank is an undischarged bankrupt, it shall—
(a) as soon as possible, notify the Official Receiver of any account
that the bankrupt holds with the bank; and
(b) not pay any money out of the account, except as provided under
subsection (2).
(2) The bank may pay money out of the account where—
(a) the bank is authorised by an order of the Court or instructed by
the Official Receiver to do so; or
(b) the bank has notified the Official Receiver that the bank holds
such an account and has not, within one month of notification,
received any instructions from the Official Receiver.