Section 134

(Deleted by Act A1534).

The Director General of Insolvency may collect and get in any unclaimed or undistributed money and at his instance the court may exercise all the powers conferred by this Act with respect to the discovery and realization of the property or a debtor and

Part I of this Act with respect thereto shall with any necessary modifications apply to proceedings under this section.

This section shall not deprive any claimant or any larger or other right or remedy to which he may be entitled against any person other than the Director General of Insolvency.

All unclaimed dividends, all dividends not paid under subsection 62(6) and all money remaining unclaimed or undistributed after a final dividend has been declared shall stand at the credit of the Bankruptcy Estates Account for seven years and if they remain unclaimed at the expiration of that period shall be credited to the Consolidated Fund.

Insolvency 125

If any claim is made to any part of the unclaimed dividends or money so transferred to the Consolidated Fund and if such claim is established to the satisfaction of the Director General of Insolvency, the amount certified by the Director General of

Insolvency to be due to the claimant shall be paid to him, without interest, from the Consolidated Fund.

Where any money remaining unclaimed is subsequently paid to a claimant and is after that claimed by any other person, such other person shall not be entitled to any payment out of the Bankruptcy Estates Account or the Consolidated Fund and he shall have recourse only against the claimant to whom the money remaining unclaimed was paid.

Bankrupt’s Book

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