Development Bank of Southern Africa Act, 1997 (Act No. 13 of 1997)RegulationsRegulations made under Section 17Dividends57. Forfeiture of unclaimed dividends |
Any dividend or bonus remaining unclaimed for a period of five (5) years from its declaration may, provided notice of the declaration has been given by advertisement to the person entitled thereto and sent to his last registered address, be forfeited by resolution of the directors for the benefit of the Bank.