ACT 100
TRUST COMPANIES ACT 1949 (REVISED - 1973)

GENERAL



Section 36. Unclaimed money to be paid into Court.


All money and securities which shall remain in the hands of a trust company, as trustee, unclaimed by the person entitled to the same for a period of six years after the time when the same shall have become payable to that person (except where payment has been restrained by order of a court), together with such interest, if any, as shall have been received by the company in respect thereof, less any commission or other charges properly chargeable by the company, shall be paid by the company into Court and shall be dealt with according to the orders of the Court:

Provided that it shall not be necessary for the company to comply with this section more often than once in any year, nor shall it be necessary for the company to obtain the concurrence or consent of any person to the payment into Court.


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