Sec 116 - Surplus paid to Guardians’ Fund until rehabilitation

116. Surplus to be paid into Guardians’ Fund until rehabilitation of insolvent.—

(1) If after the confirmation of a final plan of distribution there is any surplus in an insolvent estate which is not required for the payment of claims, costs, charges or interest, the trustee shall, immediately after the confirmation of that account, pay that surplus over to the Master, who shall deposit it in the Guardians’ Fund and after the rehabilitation of the insolvent shall pay it out to him at his request.

(2) . . . . . .

 

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