Administration of Estates Act, 1965 (Act No. 66 of 1965)Chapter V: The Guardian's Fund86. Existing guardian's fund to continue |
| 1) | The guardian's fund established by section ninety-one of the Administration of Estates Act, 1913 (Act No. 24 of 1913), shall continue in existence, and shall consist of all moneys— |
| a) | in that fund at the commencement of this Act or |
| b) | received by the Master under this Act or any other law or in pursuance of an order of Court; or |
| c) | accepted by the Master in trust for any known or unknown person. |
| 2) | Whenever any money is so received or accepted by the Master, he shall open in the books of the guardian's fund an account in the name of the person to whom that money belongs or the estate of which that money forms part: Provided that if it is not known to whom any such money belongs, or if it is more convenient, the account may be opened in the name of the person from whom that money has been received, or of the estate from which that money is derived, as the case may be. |