53Disclosure, &c., of property

53 Disclosure, &c., of property

*[Section 53 Amended by 25 Geo. V No. 78 ]*Where –

(a) any corporation, association, or person is in possession of any property;

(b) there is to the credit of any person living or dead, in the books or accounts or otherwise of any corporation, association, or partnership, any property;

(c) under any partnership or association any person is entitled to share in the assets thereof or his representatives are entitled to any payments as his share in such assets;

(d) any person, whether living or dead, is the registered proprietor of any shares in any corporation or association; or

(e) any person is indebted to any person whether living or dead –

and such property, shares, or debts are vested in or belong to the Public Trustee, it shall be obligatory on such corporation, association, or partners, or the person so indebted to give notice forthwith to the Public Trustee of the extent, nature, and situation of such property, or of the fact and extent of such indebtedness.