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| This is part of an archived statute consolidation that is current to September 15, 2003 and includes changes enacted and in force by that date. |
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| SECTION | EFFECTIVE DATE | ||
| 17.2 | March 31, 2003 | ||
| 21 | February 28, 2003 | ||
| 27 | February 28, 2003 | ||
Section 17.2 BEFORE amended by 2003-9-24 effective March 31, 2003 (BC Reg 149/03).
17.2 (1) An agent may transfer to the Minister of Finance and Corporate Relations money in a trust account maintained by the agent, if
(a) the money has been unclaimed for one year or more,
(b) the identity of the person entitled to claim the money is known and is not in dispute, and
(c) the agent has made reasonable efforts to locate the person entitled to claim the money and to notify that person about claiming the money, but, despite those efforts, the money has not been claimed.
(2) Money transferred to the Minister of Finance and Corporate Relations under subsection (1) is deemed to be an unclaimed money deposit under the Unclaimed Property Act.
Section 21(8) BEFORE amended by 2002-33-16 effective February 28, 2003 (BC Reg 34/03).
(8) Money that is not immediately required for the purposes of the foundation may be invested in the name of the foundation by the board in any manner in which trustees are authorized to invest trust funds, if the investments are in all other respects reasonable and proper.
Section 27(1) BEFORE amended by 2002-33-17 effective February 28, 2003 (BC Reg 34/03).
(1) The corporation may invest any part of the insurance fund, not presently required for disposition, in any security or class of securities in which trustees are permitted to invest trust funds under the Trustee Act.
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