Section 140Part 21 — Unclaimed Bankrupt Estates
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On the direction of the Cabinet in writing on such report, that proceedings be taken under this Act, the Financial Secretary shall give public notice by advertisement in the Gazette, the London Gazette and in one or more newspapers published in the Islands that a given part of the estate of a bankrupt or insolvent, to be named in such advertisement, has been lying in the Treasury for a period to be specified as aforesaid, and that unless within one year from the date of the first publication of such advertisement, claim to the money therein specified is made and substantiated to the satisfaction of the Financial Secretary or a Court of competent jurisdiction, such moneys will become subject to section 141. The said advertisement shall be published as often during the said year as the Financial Secretary may deem expedient but not less than four times.
Cross References
- Section 141 of Bankruptcy Act
such moneys will become subject to section 141