Section 21

Act 231 of 1901, § 21, under INSOLVENCY ACT.

Act 231 of 1901, § 21

Section 21. The assignee or receiver shall as soon as may be after receiving any money belonging to the estate, deposit the same in some bank or trust company in good standing, in his name as assignee or receiver, and shall, as far as practicable keep all the assets of said estate separate and apart from his own, or designated by appropriate marks, so that they may be easily and clearly distinguished as the property of the insolvent's estate.