Code of Organization and Civil Procedure (Cap. 12)

Code of Organization and Civil Procedure (Cap. 12), article 950

Official PDF on legislation.mt

950. (1) If the parties interested in any of the deposits referred to in article 948, fail to take the necessary steps for the dis posal of the things deposited, it shall be lawful for the court, after t en years from the date of the deposit, if it consists of jewels or artic les of precious metal, or after three years, if it consists of other t hings, upon the application of the registrar, to direct that the inter ested CODE OF ORGANIZATION AND CIVIL PROCEDURE [CAP. 12. 269 parties named in the lodgment schedule be called upon by the registrar by letter, to take the necessary steps, within such reasonable time as the court may fix; and, in default, to order the withdrawal by the owner of the things deposited, or the judicia l sale thereof by auction; in the latte r case, the proceeds of such sa le shall be lodged in court. (2) The proceeds so lodged shall for all purposes of the law be considered as if they were the identical thing sold. (3) The intimation referred to in sub-article (1), if it cannot be made otherwise, may be made by means of a public notice to be posted up at the entrance of the building in which the court sits, and inserted in one or more of the periodical newspapers including in any case the Government Gazette. Regular deposits (i.e. lodgment of money not legally current in Malta, gold or silver articles, etc.). Amended by: XV .1885.1; IX.1886.119; L.N. 4 of 1963; XXXI.1966.2.

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Text read from the consolidated PDF published by Legislation Malta. Tables, figures and marginal notes may be incomplete or out of place: the official PDF is authoritative. General information, not legal, tax or accounting advice.