Transfer by Central Bank

(1) Where the Central Bank has held property transferred to it by a licensee pursuant to section 121 or section 122 for five years from the date of such transfer, it shall transfer the property referred to as monetary items to a special fund which will be administered by the Central Bank and shall publish in the Gazette and in a newspaper of general circulation in Belize, the names of the owners and particulars concerning the property referred to as non-monetary items. Thereafter, all non-monetary unclaimed items shall be disposed of at the discretion of the Central Bank. (2) The Central Bank shall not be liable for any claim on any property once it has been transferred to the special fund or disposed of pursuant to sub-section (1).