Acts Online
GT Shield

Development Bank of Southern Africa Act, 1997 (Act No. 13 of 1997)

Regulations

Regulations made under Section 17

Dividends

57. 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.