LawgistThe Official Trusteers Act
23Transfer to Government of accumulations in the hands of Official Trustee
When any moneys payable to a beneficiary under a trust have been in the hands of any Official Trustee for a period of, twelve years or upwards whether before or after the commencement of this Act in consequence of the Official "Trustee having been unable to trace the person entitled to receive the same, such money shall be transferred in the prescribed manner to the account and credit of the Government 1***:
Provided that no such moneys shall be so transferred if any suit or proceeding is pending in respect thereof in any Court.
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1. The words "of India" omitted by Act 21 of 1922, s. 4.
MISCELLANEOUS
- 23 Transfer to Government of accumulations in the hands of Official Trustee
- 24 Mode of proceeding by claimant to recover money so transferred
- 25 Power of High Court to make orders in respect of property vested in Official Trustee
- 26 Who may apply for order under Act
- 27 Order of Court to have effect of a decree
- 28 General powers of administration
- 29 Transfer of trust property by Official Trustee to original trustee or any other trustee
- 30 Rules
- 31 [Repealed.]
- 32 Saving of provisions of Indian Registration Act, 1908
- 32A Saving
- 32B Special provision regarding certain Official Trustees affected by States‟ reorganisation
- 33 [Repealed.]
