Civil Liability and Courts Act 2004

F23[Realisation of investment of dormant account of funds of suitors of Circuit Court and dormant funds of suitors of District Court

34A

34A.(1) The Chief Justice shall, as soon as may be after the commencement of section 53 of the Courts and Civil Law (Miscellaneous Provisions) Act 2023, order the Accountant to realise all of the investments of—

(a) the dormant account of the funds of suitors of the Circuit Court, and

(b) the dormant funds of suitors of the District 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—

(i) the dormant account of the funds of suitors of the Circuit Court, and

(ii) the dormant funds of suitors of the District 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.]

Annotations

Amendments:

F23

Inserted (31.07.2023) by Courts and Civil Law (Miscellaneous Provisions) Act 2023 (18/2023), s. 53, S.I. No. 389 of 2023, art. 3(i).

Editorial Notes:

E8

The section heading is taken from the amending section in the absence of one included in the amendment.