63.
| (1) Any safe deposit box, the contents of which have not been withdrawn before the date specified, shall be open ed to the manner prescribed by the Director of Bank Super vision. The contents and any unclaimed property shall be held by the licensed commercial bank as bailee, and
| | (a) all monies shall, upon direction by the Monetary Board, be transferred to a special account in the Central Bank; | | |
| | (b) any article other than money shall, upon direction by the Monetary Board, be referred to the Minister for a direction as to the method of disposal of the same. | | |
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| 2. The money referred to in paragraph (a) and articles referred to in paragraph (b) shall be deemed to be abandoned property for terms of the provisions of Part IX. if the owner thereof) has, over a period of ten years from the date of deposit of such money or articles, as the case may be, not evidenced an interest in the same. The provisions of section 72 shall apply in. respect of such items as from the date of their transfer. |
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Sri Lanka Consolidated Acts