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Cap. 174 · cap/174 (Cap. 174)

Cap. 174 Art. 18Unclaimed deposits.

PART V

In KraftAmtlicher Text

(1) Unless otherwise expressly provided, every sum so deposited, with the exception of moneys deposited in the Malta

Government Savings Bank*, which is unclaimed for a period of thirty years shall be transferred to a special account to be known as

"the Deposits Fund Account" and the Minister may, without further appropriation than this Act, authorise the Accountant General to pay the same out of the said account at any time to any claimant who establishes his claim thereto.

(2) At the end of each financial year any balance in excess of twenty-three thousand and three hundred euro (23,300) of the said Deposits Fund Account may, if the Minister so decides, be passed to the Consolidated Fund. Should at any time the said account not be sufficient to meet such claims, these will be met out of the Consolidated Fund without any further appropriation than this Act.

Änderungsgeschichte
  • Amended by L.N. 410 of 2007