Dublin and Blessington Steam Tramway (Abandonment) Act, 1932

Disposal of unclaimed dividends.

13.—(1) If on the appointed day there are in the possession of the Committee or of the Company any moneys representing unclaimed dividends on shares in the Company, the Committee shall, as soon as conveniently may be after the appointed day, publish at least once in each of two daily newspapers published and circulating in the City of Dublin and the daily newspaper published in London under the title “The Times,” a notice—

(a) requiring any person claiming to be entitled to any unclaimed dividend on any shares in the Company to send by post to the Committee, within the time (not being less than three months from the first publication of such notice) specified in such notice, a claim to such dividend together with particulars of his title thereto; and

(b) stating that any such dividend not so claimed within the said time will be disposed of by the Committee in accordance with this Act.

(2) When the Committee receives, within the time limited by the notices published in pursuance of the next preceding sub-section of this section, a claim to any such unclaimed dividend as is mentioned in the said sub-section, the Committee, if they are satisfied that the person making such claim is entitled to such dividend, shall pay the amount of such dividend to such person or, if they are not so satisfied, shall pay the amount of such dividend into the Circuit Court in Dublin.

(3) All moneys representing unclaimed dividends on any shares in the Company which are or ought to be in the hands of the Committee at the expiration of the time limited under this section for the making of claims thereto and in respect of which no claim has been received by the Company within that time shall thereupon become and be assets of the undertaking and be disposed of by the Committee as if they were proceeds of the sale and conversion under this Act of property of the undertaking, and no person shall be entitled to be paid by or recover from the Committee or the Company any of the dividends represented by such moneys.

(4) If on the appointed day there is in the hands of the Company any moneys representing unclaimed dividends on shares in the Company, the Company shall on the appointed day pay such moneys to the Committee.