Code of Organization and Civil Procedure (Cap. 12)
Code of Organization and Civil Procedure (Cap. 12), article 951
951. ( 1 ) R e g u l a r d e p o s i t s o f m o n e y s n o t l e g a l l y c u r r e n t i n
Malta, gold or silver articles, p earls or precious stones shall be
made in the place appointed by th e Minister responsible for jus tice
by notice in the Government Gazet te; and the Government shall b e
responsible for such deposits in the same manner as any other
person with whom a regular deposit is made.
Conversion of
foreign money into
local currency.
(2) If the regular deposit consists of money not legally current
in Malta, such money shall, on the expiration of four months fr om
the date of the lodgment, be co nverted, by the officer charged with
the custody thereof, into legal currency, at the current rate o f
exchange at the time of such conversion, and transferred to the
place appointed for irregular depo sits; and it shall for all le gal
purposes be considered as an irre gular deposit from the date of such
conversion and transfer.
Duties of registrar.(3) Immediately upon such conversion and transfer, the officer
effecting the same shall give notice in writing to the registra r who
had received the relative schedul e; and the registrar shall, in the
margin of such schedule, enter a note of such conversion and
transfer, stating the amount realized as a result of the conver sion.
Title XIII
OF THE BENEFIT OF CESSIO BONORUM
Articles 952 to 959 were repeated by Act XXIV .1995.348.
Title XIV
OF THE INTERVENTION AND JOINDER OF PARTIES
Admission of party
in statu et terminis.
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.