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