(1A) If the Court or Authority determines under S. 130(1A) subsection (1) that State Trustees (within the inserted by No. 15/1998 meaning of the State Trustees (State Owned s. 4(2). Company) Act 1994) administer payments of compensation, State Trustees must accept a transfer of the amount of compensation to be administered and the acceptance of that amount is a sufficient discharge to the person transferring that amount. (2) The County Court in making a determination on S. 130(2) amended by an application under subsection (1)(c) may impose Nos 83/1987 any conditions, restrictions or limitations it s. 72(1)(c), 67/1992 considers appropriate on the duration and s. 45(b). termination of the administration. 131 Powers of trustee company in relation to administration (1) Except as otherwise provided in section 130, S. 131(1) amended by any money administered by a trustee company Nos 83/1987 determined under that section may be invested in s. 72(2)(a), 67/1992 any manner in which money may be invested s. 45(a), under the Trustee Act 1958 and may be applied 50/1994 s. 63(1)(b), in any manner that the trustee company considers substituted by appropriate for the benefit of the person entitled to No. 15/1998 s. 4(3). that money. * * * * * S. 131(2) amended by Nos 83/1987 s. 72(2)(a), 67/1992 s. 45(a), 50/1994 s. 63(1)(b), repealed by No. 15/1998 s. 4(4).
S. 130(1A) inserted by No. 15/1998 s. 4(2). (1A) If the Court or Authority determines under subsection (1) that State Trustees (within the meaning of the State Trustees (State Owned Company) Act 1994) administer payments of compensation, State Trustees must accept a transfer of the amount of compensation to be administered and the acceptance of that amount is a sufficient discharge to the person transferring that amount. S. 130(2) amended by Nos 83/1987 s. 72(1)(c), 67/1992 s. 45(b). (2) The County Court in making a determination on an application under subsection (1)(c) may impose any conditions, restrictions or limitations it considers appropriate on the duration and termination of the administration. 131 Powers of trustee company in relation to administration S. 131(1) amended by Nos 83/1987 s. 72(2)(a), 67/1992 s. 45(a), 50/1994 s. 63(1)(b), substituted by No. 15/1998 s. 4(3). (1) Except as otherwise provided in section 130, any money administered by a trustee company determined under that section may be invested in any manner in which money may be invested under the Trustee Act 1958 and may be applied in any manner that the trustee company considers appropriate for the benefit of the person entitled to that money. S. 131(2) amended by Nos 83/1987 s. 72(2)(a), 67/1992 s. 45(a), 50/1994 s. 63(1)(b), repealed by No. 15/1998 s. 4(4). * * * * *
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