South African Institute for Drug Free Sport Act, 1997
R 385
Administration of Estates Act, 1965 (Act No. 66 of 1965)Chapter V: The Guardian's Fund93. Statements of certain unclaimed moneys to be published, and amounts unclaimed to be paid into guardian's fund |
| 1) | Every person carrying on business in the Republic shall in the month of January in each year prepare in the prescribed form and publish in the Gazette a detailed statement in respect of all amounts of R100 or more which were held by him or her or by any agent on his or her behalf in the Republic on the thirty-first day of December of the immediately preceding year and which were not his or her property or subject to any valid lien, but at the time of the preparation of the said statement have remained unclaimed for a period of five years or more by the rightful owners. |
| 2) | Any person who has prepared the said statement for publication, may deduct from the said amounts the cost of publication apportioned as far as possible among the owners. |
| 3) | After the expiration of three months from the date of publication of the said statement, such person shall forthwith transmit a statement and affidavit in the prescribed form to the Master and deposit in the guardian's fund to the credit of the rightful owners all such amounts still remaining unclaimed by the rightful owners. |
