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A SPECIAL ACCOUNT IS NOT A PANACEA. THE SUPREME COURT ALLOWED TO WITHDRAW FUNDS RECEIVED UNDER STATE CONTRACTS FROM BANKRUPTS

... that the funds placed on a special account are not protected by executive immunity. By including this position in the review of practice, the Supreme Court made it mandatory for all courts. Special attention should be paid to the fact that earlier the Supreme Court took the position that funds placed on a special account transferred to an insolvent debtor under a state contract for the execution of a defense order are protected by executive immunity. That is, the new position is a revision of an earlier rule. Photo by Freepik

A SPECIAL ACCOUNT IS NOT A PANACEA. THE SUPREME COURT ALLOWED TO WITHDRAW FUNDS RECEIVED UNDER STATE CONTRACTS FROM BANKRUPTS

... that the funds placed on a special account are not protected by executive immunity. By including this position in the review of practice, the Supreme Court made it mandatory for all courts. Special attention should be paid to the fact that earlier the Supreme Court took the position that funds placed on a special account transferred to an insolvent debtor under a state contract for the execution of a defense order are protected by executive immunity. That is, the new position is a revision of an earlier rule. Photo by Freepik

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