(2) If any such liquidator at any time retains for more than 10 days a sum exceeding $200, or such other amount as the court in any particular case authorises him or her to retain, then, unless he or she explains the retention to the satisfaction of the court, he or she shall pay interest on the amount so retained in excess at the rate of 20% per annum and is liable to disallowance of all or such part of his or her remuneration as the court may think just, and to be removed from his or her office by the court, and is liable to pay any expenses occasioned by reason of his or her default.