{
  "url": "https://openlegislation.uk/postal-administration-scotland-rules-2016/article-53",
  "json_url": "https://openlegislation.uk/postal-administration-scotland-rules-2016/article-53.json",
  "legislation": "uksi/2016/900",
  "legislation_title": "The Postal Administration (Scotland) Rules 2016",
  "legislation_url": "https://openlegislation.uk/postal-administration-scotland-rules-2016",
  "path": "article/53",
  "kind": "article",
  "number": "53",
  "heading": "Unclaimed dividends",
  "text": "(1) Any person, producing evidence of the person’s right, may apply to the court to receive a dividend deposited under Rule 52(2), if the application is made not later than seven years after the date of such deposit.\n(2) If the court is satisfied of the applicant’s right to the dividend, it shall authorise the appropriate bank or institution to pay to the applicant the amount of that dividend and of any interest which accrued thereon.\n(3) The court shall, at the expiry of seven years from the date of deposit of any unclaimed dividend or unapplied balance under Rule 52, hand over the deposit receipt or other voucher relating to such dividend or balance to the Secretary of State, who shall thereupon be entitled to payment of the amount due, principal and interest, from the bank or institution in which the deposit was made.",
  "extent": "S",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Words in rule 53(1) substituted (13.4.2017) by The Postal Administration (Scotland) (Amendment) Rules 2017 (S.I. 2017/441), rules 1, 2(11)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Words in rule 53(3) substituted (13.4.2017) by The Postal Administration (Scotland) (Amendment) Rules 2017 (S.I. 2017/441), rules 1, 2(11)"
    },
    {
      "type": "F",
      "label": "F3",
      "text": "Word in rule 53 heading substituted (13.4.2017) by The Postal Administration (Scotland) (Amendment) Rules 2017 (S.I. 2017/441), rules 1, 2(8)"
    },
    {
      "type": "I",
      "label": "I1",
      "text": "Rule 53 in force at 1.10.2016, see rule 1"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2016/900/article/53",
    "retrieved_at": "2026-10-28T23:20:15.032343+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}