Smith, Stainstreet and Company Limited (Acquisition and Transfer of Undertakings) Act : DISBURSEMENT OF MONEY

Smith, Stainstreet and Company Limited (Acquisition and Transfer of Undertakings) Act,1977

Act No : 41

Section : DISBURSEMENT OF MONEY BY COMMISSIONER TO CLAIMANTS

SECTION 21: DISBURSEMENT OF MONEY BY COMMISSIONER TO CLAIMANTS

After admitting a claim under this Act, the amount due in respect of such claims shall be paid by the Commissioner to the person or persons to whom such sums are due, and on such payment, the liability of the Company in respect of such claim shall stand discharged.