40
CurrentManagement of certain moneys by public trustee and guardian
Part 5Unclaimed property
40 Management of certain moneys by public trustee and guardian
(1)
Where the public trustee and guardian—
(a)
receives moneys as the proceeds of a sale or property effected under this section 39; or
(b)
receives or recovers any moneys (including moneys received or recovered as income, damages or mesne profits) in respect of property of which the public trustee and guardian is manager;
the public trustee and guardian shall, under this subsection, become manager under this part of those moneys.
(2)
Subsection (1) does not apply in relation to moneys received as the proceeds of a sale of property under section 43.
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