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76.26.—(1) Subject to paragraph (2), any money received by an administrator in the exercise of his powers and duties shall be deposited by him in an appropriate bank or institution, in the name of the person in whom the property is vested.
(2) The administrator may, at any time, retain in his hands a sum of money not exceeding £200.
(3) In paragraph (1), “appropriate bank or institution” means the Bank of England, an institution authorised under the Banking Act 1987(1) or a person for the time being specified in Schedule 2 to that Act.
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