PROBATE AND ADMINISTRATION ORDINANCE - minor amendment

PROBATE AND ADMINISTRATION ORDINANCE - minor amendment

CHAPTER 10

PROBATE AND ADMIMSTRATION

The Probate and Administration Ordinance is amended-

(1)in section 15(1) by repealing 'twenty thousand dollars' and
substituting '$50,000';

(2) in section 23A-

(a) in subsection (1) by repealing 'under section 16';

(b) by repealing subsection (2);

(3) in section 23B(1) by repealing 'under section 16';

(4) by adding after section 23C-

23D. The, Official Administrator shall on or after 31 March
in each year transfer to the general revenue any interest paid
on or accumulated in any account operated by him for the
purpose of administering any estate, if such interest is not
required to be credited or paid to any estate by rules made
under section 72.

(Added 72 of 19 78 s. 2)

(5) in section 72 by adding after subsection (1)--

(1A) Without prejudice to the generality of subsection
(1), the Chief Justice may make rules

(a)regulating the payment or crediting of interest on any
money placed in any account operated by the Official
Administrator for the purpose of administering any
estate;

(b)determining the smallest amount of money placed in
such an account in respect of which interest is to be
credited;

(c)determining the time at which money placed in such
an account is to begin and to cease to bear interest
and the mode of computing such interest; and

(d)determining the rate of interest to be credited to
moneys placed in such an account. (Added 72 of
1978 s. 3)
44 of 1983 s. 2. 70 of 1972 s. 2. 70 of 1972 s. 3. 72 of 1978 s. 2. Disposal of surplus interest. 72 of 1978 s. 3.

44 of 1983 s. 2. 70 of 1972 s. 2. 70 of 1972 s. 3. 72 of 1978 s. 2. Disposal of surplus interest. 72 of 1978 s. 3.

https://oelawhk.lib.hku.hk/items/show/3639

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