Clause 78
Subrogation of stock exchange to rights, etc., of claimant upon payment from fund
BillNot in forceProvision 73 of 87
Clause 78
On payment out of a fidelity fund of any moneys in respect of any claim under this Part the stock exchange shall be subrogated to the extent of such payment to all the rights and remedies of the claimant in relation to the loss suffered by him from the defalcation.