Full legislation
s.23B
Advertisements as to unclaimed balance of intestate’s estate
(1)
If the Official Administrator has been granted administration of an estate
and—
(a)
a balance of such estate exceeding
$500
remains unclaimed; and
(b)
the persons entitled thereto are not known to him,
the Official Administrator shall cause advertisements to be published in
accordance with subsection (2).
(Amended
70 of 1972 s. 3
)
(2)
An
advertisement—
(a)
shall be published in Hong Kong and in any other place where the Official
Administrator has reason to believe that the persons entitled to claim the
balance of the estate may be found; and
(b)
shall be to the effect that if no claim is made to the Official
Administrator within
5
years from the first publication of the advertisement in Hong Kong the balance
from the estate will be transferred to the general revenue.
(3)
If at the expiration of a period of
5
years from the date of the first publication of an advertisement under subsection
(2), the Official Administrator is of the opinion that no claim can reasonably be
expected against the estate he may transfer the balance of the estate to the general
revenue.