BANKRUPTCY.
No. 7 of 1891.
621
PART V.
SUPPLEMENTARY.
Unclaimed funds or dividends.
80.-(1) When the trustee has under his control any unclaimed dividend which has remained unclaimed for more than six months, or when, after making a final dividend, the trustee has in his hands or under his control any unclaimed or undistributed money arising from the property of the debtor, he shall forthwith pay the same to the Registrar, who shall carry the same to an account to be termed the Bankruptcy Estates Account. The Registrar's receipt for the money so paid shall be a sufficient discharge to the trustee in respect thereof.
(2) The trustee, whether he has obtained his release or not, may be called upon by the court to account for any unclaimed funds or dividends, and any failure to comply with the requisitions of the court in this behalf may be dealt with as a contempt of court.
(3) Any person claiming to be entitled to any moneys paid into the Bankruptcy Estates Account may, within five years of the date when the same was so paid in, apply to the Registrar for payment to him of the same, and the Registrar, if satisfied that the person claiming is entitled, shall make an order for the payment to such person of the sum due. Any person dissatisfied with the decision of the Registrar may appeal to the court.
(4) After any money has remained unclaimed in the Bankruptcy Estates Account for a period of five years, the Registrar shall pay the same over to the Treasurer for the use of the Crown, and all claims thereon shall be thenceforth barred.
Administration of estates according to the law of bankruptcy.
81.-(1) A creditor of a deceased debtor whose estate is shown to be insufficient for the payment of the debts owing by the deceased person may present a petition (the facts alleged in which shall be verified by affidavit) to the court praying for the administration of the estate of the deceased person according to the law of bankruptcy, and the court, 46 & 47 Vict. c. 52, s. 125.
* As amended by Law Am. Ord., 1923. See No. 58 of 1911, s. 214 (5).
BANKRUPTCY.
No. 7 of 1891.
621
PART V.
SUPPLEMENTARY.
Unclaimed funds or dividends.
funds and
*
80.-(1) When the trustee has under his control any un- Disposal of claimed dividend which has remained unclaimed for more unclaimed than six months, or when, after making a final dividend, the dividends. trustee has in his hands or under his control any unclaimed or undistributed money arising from the property of the debtor, ho shall forthwith pay the same to the Registrar, who shall carry the same to an account to be termed the Bankruptcy Estates Account. The Registrar's receipt for the money so paid shall be a sufficient discharge to the trustee in respect thereof.
(2) The trustee, whether he has obtained his release or not, may be called upon by the court to account for any un- claimed funds or dividends, and any failure to comply with the requisitions of the court in this behalf may be dealt with as a contempt of court.
$
(3) Any person claiming to be entitled to any moneys paid into the Bankruptcy Estates Account may, within five years of the date when the same was so paid in, apply to the Registrar for payment to him of the same, and the Registrar, if satisfied that the person claiming is entitled, shall make an order for the payment to such person of the sum due. Any person dissatisfied with the decision of the Registrar may appeal to the court.
(4) After any money has remained unclaimed in the Bank- ruptcy Estates Account for a period of five years, the Registrar shall pay the same over to the Treasurer for the use of the Crown, and all claims thereon shall be thenceforth barred.
Administration of estates according to the law of bankruptcy.
bankruptcy of
81.-(1) A creditor of a deceased debtor whose estate is Administra- shown to be insufficient for the payment of the debts owing tion in by the deceased person may present a petition (the facts estate of alleged in which shall be verified by affidavit) to the court person dying praying for the administration of the estate of the deceased 46 & 47 Vict. person according to the law of bankruptcy, and the court, c. 52, s. 125.
* As amended by Law Am, Ord., 1923. See No. 58 of 1911, s. 214 (5).
insolvent.
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