sec.240Lotteries in progress and unclaimed prize money at commencement day

### sec.240 Lotteries in progress and unclaimed prize money at commencement day A lottery that had been commenced under the repealed Act by the corporation but not completed at the commencement day may be continued and completed under this Act by the corporation. If, immediately before the commencement day, an amount was identified in the corporation’s accounting records under the repealed Act, section 28(1) as unclaimed prize money for a lottery, the corporation— must continue to identify the amount in its accounting records as unclaimed prize money for the lottery until the end of 1 year after the closure of the lottery; and may, at the end of the period mentioned in paragraph (a), use the money as if it were money to which section 132(2) applied. If, before the commencement day, the corporation was entitled to use unclaimed prize money for a lottery under the repealed Act, section 28(2) but did not use the money under the subsection, the corporation may use the money as if it were money to which section 132(2) applied. (sec.240-ssec.1) A lottery that had been commenced under the repealed Act by the corporation but not completed at the commencement day may be continued and completed under this Act by the corporation. (sec.240-ssec.2) If, immediately before the commencement day, an amount was identified in the corporation’s accounting records under the repealed Act, section 28(1) as unclaimed prize money for a lottery, the corporation— must continue to identify the amount in its accounting records as unclaimed prize money for the lottery until the end of 1 year after the closure of the lottery; and may, at the end of the period mentioned in paragraph (a), use the money as if it were money to which section 132(2) applied. (sec.240-ssec.3) If, before the commencement day, the corporation was entitled to use unclaimed prize money for a lottery under the repealed Act, section 28(2) but did not use the money under the subsection, the corporation may use the money as if it were money to which section 132(2) applied. - (a) must continue to identify the amount in its accounting records as unclaimed prize money for the lottery until the end of 1 year after the closure of the lottery; and - (b) may, at the end of the period mentioned in paragraph (a), use the money as if it were money to which section 132(2) applied.