1964_OFFICIAL_ADMINISTRATOR_S_ACCOUNTS_(INTEREST)_RULES — Page 1

HK Historical Laws 香港歷史法例 All AI Reviewed
Series Source

©

1983 Ed.]

Official Administrator's Accounts (Interest) Rules

[CAP. 10

D1

OFFICIAL ADMINISTRATOR'S ACCOUNTS

(INTEREST) RULES

(Cap. 10, section 72)

[Subsidiary]

L.N. 194-78.

76 of 1980. L.N. 279:83.

1.

[25 August 1978.]

Citation.

These rules may be cited as the Official Administrator's Accounts (Interest) Rules.

2. Where the Official Administrator is administering an estate the total value of which exceeds $50,000 he shall credit to the estate all interest paid to him on moneys belonging to it.

3. (1) Where the Official Administrator is administering an estate the total value of which does not exceed $50,000, and the administration of that estate is not completed within 3 months of the relevant grant of probate or administration or of the Official Administrator's decision to administer the estate in a summary manner, he shall credit to the estate interest at the prevailing Hong Kong Association of Banks rate for savings accounts, on all moneys in his possession which belong to it.

(2) Where the total value of an estate does not exceed $50,000 and the administration of the estate by the Official Administrator is completed within 3 months, no interest shall be paid by the Official Administrator on moneys belonging to the estate.

(3) No interest shall be computed or paid under paragraph (1) on a fraction of one dollar.

Estates exceeding $50,000. L.N. 279:83.

Estates not exceeding $50,000. L.N. 279:83.

76 of 1980, s. 24.

UNIVERSITY

OF

HONG

KONG

LAW

LIBRARY

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© 1983 Ed.] Official Administrator's Accounts (Interest) Rules [CAP. 10 D1 OFFICIAL ADMINISTRATOR'S ACCOUNTS (INTEREST) RULES (Cap. 10, section 72) [Subsidiary] L.N. 194-78. 76 of 1980. L.N. 279:83. 1. [25 August 1978.] Citation. These rules may be cited as the Official Administrator's Accounts (Interest) Rules. 2. Where the Official Administrator is administering an estate the total value of which exceeds $50,000 he shall credit to the estate all interest paid to him on moneys belonging to it. 3. (1) Where the Official Administrator is administering an estate the total value of which does not exceed $50,000, and the administration of that estate is not completed within 3 months of the relevant grant of probate or administration or of the Official Administrator's decision to administer the estate in a summary manner, he shall credit to the estate interest at the prevailing Hong Kong Association of Banks rate for savings accounts, on all moneys in his possession which belong to it. (2) Where the total value of an estate does not exceed $50,000 and the administration of the estate by the Official Administrator is completed within 3 months, no interest shall be paid by the Official Administrator on moneys belonging to the estate. (3) No interest shall be computed or paid under paragraph (1) on a fraction of one dollar. Estates exceeding $50,000. L.N. 279:83. Estates not exceeding $50,000. L.N. 279:83. 76 of 1980, s. 24. UNIVERSITY OF HONG KONG LAW LIBRARY
Baseline (Original)
© 1983 Ed.] Official Administrator's Accounts (Interest) Rules [CAP. 10 D1 OFFICIAL ADMINISTRATOR'S ACCOUNTS (INTEREST) RULES (Cap. 10, section 72) [Subsidiary] L.N. 194-78. 76 of 1980. L.N. 279:83. 1. [25 August 1978.] Citation. These rules may be cited as the Official Administrator's Accounts (Interest) Rules. 2. Where the Official Administrator is administering an estate the total value of which exceeds $50,000 he shall credit to the estate all interest paid to him on moneys belonging to it. 3. (1) Where the Official Administrator is administering an estate the total value of which does not exceed $50,000, and the administration of that estate is not completed within 3 months of the relevant grant of probate or administration or of the Official Administrator's decision to administer the estate in a summary manner, he shall credit to the estate interest at the prevailing Hong Kong Association of Banks rate for savings accounts, on all moneys in his possession which belong to it. (2) Where the total value of an estate does not exceed $50,000 and the administration of the estate by the Official Administrator is completed within 3 months, no interest shall be paid by the Official Administrator on moneys belonging to the estate. (3) No interest shall be computed or paid under paragraph (1) on a fraction of one dollar. Estates exceeding $50,000. L.N. 279,83. Estates not exceeding $50,000. L.N. 279,83. 76 of 1980, s. 24. ERSITY UNIVERS OF HONG LAW LIBRARY KONG
2026-05-05 04:23:41 · Baseline
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©

1983 Ed.]

Official Administrator's Accounts (Interest) Rules

[CAP. 10

D1

OFFICIAL ADMINISTRATOR'S ACCOUNTS

(INTEREST) RULES

(Cap. 10, section 72)

[Subsidiary]

L.N. 194-78.

76 of 1980. L.N. 279:83.

1.

[25 August 1978.]

Citation.

These rules may be cited as the Official Administrator's Accounts (Interest) Rules.

2. Where the Official Administrator is administering an estate the total value of which exceeds $50,000 he shall credit to the estate all interest paid to him on moneys belonging to it.

3. (1) Where the Official Administrator is administering an estate the total value of which does not exceed $50,000, and the administration of that estate is not completed within 3 months of the relevant grant of probate or administration or of the Official Administrator's decision to administer the estate in a summary manner, he shall credit to the estate interest at the prevailing Hong Kong Association of Banks rate for savings accounts, on all moneys in his possession which belong to it.

(2) Where the total value of an estate does not exceed $50,000 and the administration of the estate by the Official Administrator is completed within 3 months, no interest shall be paid by the Official Administrator on moneys belonging to the estate.

(3) No interest shall be computed or paid under paragraph (1) on a fraction of one dollar.

Estates exceeding $50,000. L.N. 279,83.

Estates not exceeding $50,000. L.N. 279,83.

76 of 1980, s. 24.

ERSITY

UNIVERS

OF

HONG

LAW

LIBRARY

KONG

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