Section 54 Subsequent dividends on stock transferred to be invested, &c.C1
Where stock is transferred under this part of this Act all dividends accruing thereon after the transfer shall be paid to the National Debt Commissioners, and shall . . . F1 be placed to their account of unclaimed dividends.
All such dividends . . . shall be held by those Commissioners for the public, subject to the claims of the parties entitled thereto.
Annotations
Textual amendments
- F1
Words repealed by Finance Act 1949 (c. 47), Sch. II Pt. VII
Modifications
- C1
S. 54 modified by Finance Act 1949 (c. 47), s. 47(2)