Code of Organization and Civil Procedure (Cap. 12)

Code of Organization and Civil Procedure (Cap. 12), article 951

Official PDF on legislation.mt

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.

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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.