← belizelaw.ai · Bankruptcy, Cap. 244 · PART VI — Small Bankruptcies, etc.

Unclaimed and undistributed dividends or funds under this Act

Cap. 244, s. 111 · Revised Edition 2020

(1) Where the trustee under any bankruptcy, composition or scheme pursuant to this Act, has under his control any unclaimed dividend which has remained unclaimed for more than six months, or where, after making a final dividend, he has in his hands or under his control any unclaimed or undistributed moneys arising from the property of the debtor, he shall forthwith pay the same to “the Bankruptcy Estates Account” at the Treasury. Act. 80 (2) The Accountant General shall furnish him with a certificate of receipt of the money so paid, which shall be an effectual discharge to him in respect thereof. (3) This section shall not, except as expressly declared herein, deprive any person of any larger or other right or remedy to which he may be entitled against such trustee or other person. (4) Any person claiming to be entitled to any money paid in to the Bankruptcy Estates Account pursuant to this section may apply to the Accountant General for payment to him of it, and the Accountant General, if satisfied that the person claiming is entitled, shall make an order for the payment to such person of the sum due. (5) Any person dissatisfied with the decision of the Accountant General in respect of his claim may appeal to the Supreme Court. (6) The Accountant General may at any time open the account at the Treasury referred to in this Act as “the Bankruptcy Estates Account”.
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Unclaimed and undistributed dividends or funds under this Act — Cap. 244 s. 111 · Belize Law