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RETIREMENT SAVINGS ACCOUNTS ACT 1997 No. 61, 1997 - SECT 196
196 Payment out of an RSA in accordance with the Bankruptcy Act 1966
If a holder of an RSA becomes a bankrupt, within the meaning of
subsection 5(1) of the Bankruptcy Act 1966, nothing in this Act or the
regulations prevents the RSA provider from paying to the trustee in bankruptcy
an amount out of the RSA that is property divisible amongst the member's
creditors, within the meaning of section 116 of the Bankruptcy Act 1966.
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