Lawgist logo - L! Lawgist.
The 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.

Download our fully-offline, High speed android app.- Click here

1. The words "of India" omitted by Act 21 of 1922, s. 4.

Download the App Now!

Get our Android app for fast and offline Access.

Get it on Google Play
Lawgist is not a law firm and does not engage in the practice of law or provide legal advice or legal representation. All information, software, services, and comments provided on this site are for informational and self-help purposes only and are not intended to be a substitute for professional legal advice. Use of this site is subject to our Terms and Conditions, Disclaimer, and Privacy Policy.About Us Made in ♥ with India, Internet and Lots of Courtroom Dramas