Section 336: Undistributed money

336. Undistributed money (1) The Official Receiver or a liquidator shall, on termination of the bankruptcy or liquidation, pay any undistributed money into the Insolvency Surplus Account. (2) The Official Receiver or a liquidator must hold any undistributed money paid into the Insolvency Surplus Account subject to the claim of any person who appears to be entitled to that money. (3) After the expiry of 12 months from the date on which undistributed money is paid into the Insolvency Surplus Account, the Official Receiver or liquidator shall, notwithstanding any other enactment, transfer any undistributed money that has not been claimed by a person into the general fund of the Insolvency Surplus Account. (4) Undistributed money transferred into the general fund of the Insolvency Surplus Account— (a) is deemed to be one common and general fund; and (b) may be applied without discrimination in accordance with section 337. [Issue 3] I14 – 180 Revised Laws of Mauritius