Trustee Companies Act 1953
37Unclaimed money to be paid to Treasurer, &c.
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37 Unclaimed money to be paid to Treasurer, &c.
[Section 37 Inserted by No. 36 of 1958, s. 4 and Sched. 4 ][Section 37 Substituted by No. 23 of 2009, s. 50, Applied:16 Jun 2009]
(1) This section applies to money that is paid to the Public Trustee pursuant to section 32 .
(2) If the money is not claimed within 6 years, the Public Trustee must pay it to the Treasurer to the credit of the Public Account.
(3) If any person claims the money within 10 years after it is credited to the Public Account, the Treasurer, without further appropriation than this section, may pay it to the claimant if satisfied on the advice of the Public Trustee that the claim is valid.
(4) In this section, a reference to money is to be read as including a reference to securities, to interest on money and to a part of an amount of money.