Unclaimed funds

(1) Any funds of a licensee being compulsorily wound- up under this Act that remain unclaimed after the final distribution under section 116 and not subject to distribution under any other provision under this Act shall be deposited with funds. (2) Funds deposited with it under sub-section (1) must be held by the Central Bank for ten years unless earlier claimed by a person entitled thereto. (3) On the expiration of the ten years referred to in sub- section (2) in respect of any funds, those funds remaining unclaimed become abandoned property and shall be transferred to the Government of Belize as the Minister may direct.