Civil Liability and Courts Act 2004

Realisation of investment of dormant accounts of funds of suitors.

34

34.—(1) The Chief Justice shall, as soon as may be after the commencement of this Chapter, order the Accountant to realise all of the investments of the dormant account of the funds of suitors of the High Court.

(2) The Chief Justice shall, not later than 3 months after—

( a) the expiration of 5 years from the making of an order under subsection (1), and

( b) the expiration of each subsequent period of 5 years from the date on which an order under this section is made,

order the Accountant to realise all of the investments of the dormant account of the funds of suitors of the High Court.

(3) The Accountant shall comply with an order of the Chief Justice under this section.

(4) In this section “investments” means, in relation to the dormant account of the funds of suitors, assets other than cash.