Singapore legislation
Section 60
Section 60
Unclaimed money to be paid into court
(1)
All moneys and assets which remain in the hands of a licensed trust company, as trustee of a trust constituted in Singapore, and unclaimed by the person entitled to them for a period of 6 years after the time when they became payable to that person (except where payment has been restrained by order of a court of competent jurisdiction), together with interest (if any) that has been received by the licensed trust company in respect of the moneys and assets, less any commission or other charges properly chargeable by the licensed trust company, must be paid by the licensed trust company into court —
under and in accordance with section 62 of the Trustees Act 1967; and
within such time or at such intervals as may be prescribed.
(2)
It is not necessary for a licensed trust company to obtain the concurrence or consent of any person to make payment into court in accordance with subsection (1).