Civil Proceedings Regulation 2024
sec.9Payment of interest into fund
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sec.9 Payment of interest into fund
This section applies if the chief executive receives an amount of interest that has accrued on securities in court. Unless a court orders otherwise, the chief executive must— pay the amount into the court suitors fund; and credit the proceeding or account for which the securities are deposited with the amount of the interest. (sec.9-ssec.1) This section applies if the chief executive receives an amount of interest that has accrued on securities in court. (sec.9-ssec.2) Unless a court orders otherwise, the chief executive must— pay the amount into the court suitors fund; and credit the proceeding or account for which the securities are deposited with the amount of the interest.
- (a) pay the amount into the court suitors fund; and
- (b) credit the proceeding or account for which the securities are deposited with the amount of the interest.