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Version status: In force | Document consolidation status: No known changes
Version date: 3 December 2013 - onwards
Version 2 of 2

33. Amendment of section 84 of Act of 1988.

The Act of 1988 is amended by the substitution of the following for section 84:

 "84. Official Assignee - Unclaimed Dividend Account

(1) The Official Assignee shall cause an account to be opened -

(a) in the Central Bank of Ireland, or

(b) a bank authorised to carry on business in the State,

and any such account shall be called the "Official Assignee - Unclaimed Dividend Account" and a reference in this section to a "relevant account" is to be construed as a reference to such an account.

(2) The Official Assignee shall pay into a relevant account all unclaimed dividends and all money unclaimed, being part of any bankrupt's estate.

(3)

(a) The Official Assignee shall be entitled to pay out of a relevant account all dividends lawfully claimed as well as the sums provided for by section 61(3) (k).

(b) In order to provide temporarily for payments for which no funds are immediately available in the particular estate against which they are chargeable, there may be paid out of a relevant account to the credit of the Official Assignee in a separate account in the said bank such sums, subject to such conditions, as may be prescribed by regulations made by the Minister.