Advertisement of notice of intention to distribute assets

(1) The Public Trustee or magistrate shall cause an advertisement to be published in the Gazette and in a newspaper circulating in Belize in the form set out in the Schedule to this Act. (2) Upon the expiry of ninety clear days from the publication of such advertisement the Public Trustee or magistrate shall distribute the assets among the various claimants thereto, having regard to claims of which he has then had notice and neither the Public Trustee nor the magistrate nor the Consolidated Revenue Fund shall be liable for the assets or any part thereof so distributed to any person of whose claim such Public Trustee or magistrate had no express notice at the time of distribution of the assets or any part thereof, as the case may be. (3) The costs of such advertisement shall be paid out of the assets in priority to any claims whatsoever. 23 (4) Nothing in this Part shall prejudice the rights of any creditors or claimants to follow the assets or any part thereof into the hands of the person or persons who have received them respectively.