Safe-deposit boxes

(1) When the contents of any safe-deposit boxes maintained by a licensee that is being compulsorily wound-up have not been withdrawn before the expiration of the period specified in a notice under section 107, the safe-deposit boxes may be opened in the manner specified by the Central Bank. (2) The contents of a safe-deposit box opened under sub- section (1), together with any inventories pertaining thereto, shall be turned over to the Central Bank and held by it for ten years unless sooner claimed by a person entitled thereto. (3) On the expiration of ten years from the day any property was turned over to the Central Bank under sub-section (2), the property becomes abandoned property.