The Official Trustees Act, 1913
Section 23. Transfer to Government of accumulations in the hands of Official Trustee.
When any moneys payable to a beneficiary under a trust have been in the hands of any Official Trustee for a period of, twelve years or upwards whether before or after the commencement of this Act in consequence of the Official "Trustee having been unable to trace the person entitled to receive the same, such money shall be transferred in the prescribed manner to the account and credit of the Government 1***:
Provided that no such moneys shall be so transferred if any suit or proceeding is pending in respect thereof in any Court.
Source: IndiaCode Portal, Legislative Department, Ministry of Law and Justice, Government of India. Open on India Code Check against the official text before relying on it.
Cases citing this section
No order or office report we hold cites this section yet.
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