South African Institute for Drug Free Sport Act, 1997
R 385
Lotteries Act, 1997 (Act No. 57 of 1997)Part I : The National LotteryChapter 3 : Distribution of net proceeds of National Lottery24. Banking account |
| (1) | Money in the fund shall, pending the application thereof in terms of this Chapter, be paid into an account to be known as "The National Lottery Distribution Trust Fund" at a financial institution. |
| (2) | The financial institution where the account contemplated in subsection (1) is kept, shall not in respect of any liability of the board, not being a liability arising out of or in connection with any such account, have or obtain recourse or any right, whether by set-off, counter-claim, charge or otherwise, against money standing to the credit of such account. |
