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Rule 41 Payment out of an unclaimed funds accountI1

England and Wales

(1)

The Accountant General shall make a payment out of an account of unclaimed funds if provided with a payment schedule signed and authenticated by a court F1, or if the case is one where the Accountant General has directed that electronic means may be used, an electronic authenticated copy of such schedule from that court.

(2)

Subject to paragraph (3), money paid out of an account of unclaimed funds shall be credited with simple interest at the rate of interest payable on a basic account at the date of payment, from the date on which the money was transferred to an account of unclaimed funds.

(3)

The Accountant General may not credit any interest to unclaimed money deposited under rule 39(2).

Annotations

Textual amendments

F1

Words in rule 41(1) inserted (27.10.2023) by The Court Funds (Amendment) Rules 2023 (S.I. 2023/987), rules 1(1), 24

Commencement

I1

Rule 41 in force at 3.10.2011, see rule 1(1)