Power to order payment into bank

(1) The court may order any contributory, purchaser or other person from whom money is due to the company to pay the same into the Belize branch of the Royal Bank of Canada or into such other bank as may be determined by the Minister to the account of the liquidator instead of to the liquidator, and any such order may be enforced in the same manner as if it had directed payment to the liquidator. (2) All moneys and securities paid or delivered into such bank in the event of a winding-up by the court shall be subject in all respects to the orders of the court.