Auctioneers and House Agents Act, 1967
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Interpretation. |
1.—(1) In this Act— | |
“the Accountant” means the Accountant attached to the High Court by virtue of section 55 (1) of the Courts (Supplemental Provisions) Act, 1961 ; | ||
“bank” means a bank in which it is for the time being lawful for a trustee (unless expressly forbidden) to invest trust funds by placing them in an interest bearing deposit account; | ||
“client” includes (unless the context otherwise requires) a person to whom a refund of a deposit is due; | ||
“client account” means a current or deposit account in the name of an auctioneer or house agent in the title of which the word “client” appears and which is kept in a bank at a branch in the State; | ||
“company” means a company within the definition contained in the Companies Act, 1963 ; | ||
“the Official Assignee” means the person who is for the time being the Official Assignee in Bankruptcy; | ||
“Principal Act” means the Auctioneers and House Agents Act, 1947 . | ||
(2) References in this Act to auctioneers shall be construed as referring only to persons required to be licensed as auctioneers under the Principal Act and references in this Act to house agents shall be construed as referring only to persons required to be licensed as house agents under the Principal Act. | ||
(3) References in this Act to an account (being an account in a bank) shall, unless the context otherwise requires, include a reference to a deposit receipt. | ||
(4) References in this Act to money for a client include (unless the context otherwise requires) references to a deposit paid to an auctioneer or house agent as a stakeholder or otherwise paid to him in connection with the purchase or renting of property where a right to the money has not passed to a client. | ||
(5) Save where the context otherwise requires, this Act shall be construed as applying only to transactions carried out by an auctioneer or house agent in his capacity as auctioneer or house agent. |