LOAN (INCOME EQUALIZATION DEPOSITS) ACT 1976 (REPEALED)

***** Repealed 22 February 2005 *****

PART IIIA - CLOSING THE DEPOSIT SCHEME

SECTION 25C   REPAYMENT OF DEPOSITS AT END OF 31 DECEMBER 1999  

25C    If the whole or a part of a deposit:

(a)  has not been repaid, or become repayable, under this Act before the end of 31 December 1999; or

(b)  has not been requested to be re-deposited with a financial institution in accordance with section 25B before the end of 30 November 1999;

the authorised person must declare that the whole or the part of the deposit is repayable to the depositor, and upon the making of the declaration, the amount concerned becomes repayable.