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In force2006 Revised Edition

18. Unclaimed moneys to be paid into court

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(1)

For the purposes of section 60(1) of the Act, a licensed trust company shall make payment of unclaimed moneys and assets into court in accordance with that section and not later than 3 months after the end of the calendar year in which the period of 6 years, from the time such moneys and assets became payable to the person entitled to them, expires.

(2)

Any licensed trust company which contravenes paragraph (1) shall be guilty of an offence.

Subregulation 1

For the purposes of section 60(1) of the Act, a licensed trust company shall make payment of unclaimed moneys and assets into court in accordance with that section and not later than 3 months after the end of the calendar year in which the period of 6 years, from the time such moneys and assets became payable to the person entitled to them, expires.

Subregulation 2

Any licensed trust company which contravenes paragraph (1) shall be guilty of an offence.

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