Part 11 — Distributions
97 Distributable fund
distributable fund, the following applies:
RSA 2000
(a) subject to clauses (b) and (c), any money to which this Part
applies constitutes a distributable fund when the money is
received by a distributing authority;
(b) where this Act or an order of the Court requires that money
that is received by a distributing authority not be distributed
before a certain period of time elapses or a certain event
occurs, that money constitutes a distributable fund only
when the period elapses or the event occurs;
(c) money payable in accordan ce with section 96(4) or 98 does
not constitute or form part of a distributable fund.
RSA 2000 cC-15 s97;2002 c17 s1(18)