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(7) For the purpose of determining the net amount due to any depositor under subsections (2) (c), (d) and (e), the Central Bank shall aggregate the amounts of all deposits in the licensed financial institution which are maintained by a depositor in the same capacity.

Unclaimed funds 154. Unclaimed funds remaining after the final distribution made by the receiver which are not subject to other provisions of this Act shall be deposited by the receiver in the Central Bank for fifteen years, unless claimed by the owner before the expiration of that period, and on the expiration of that period the funds remaining unclaimed shall be presumed to be abandoned property for the purposes of section 167.

Safe deposits and unclaimed property 155. (1)

Any safe deposit box, the contents of which have not been withdrawn before a date specified by the receiver, shall be opened by the receiver and their contents inventoried and the contents and the inventory shall be deposited by the receiver in the Central Bank.

(2) Any unclaimed property held by the licensed financial institution or licensed financial holding company as bailee, together with inventories, shall be deposited by the receiver in the Central Bank.

(3) Any contents of a safe deposit box or unclaimed property deposited not claimed within a period of fifteen years following its deposit in the Central Bank shall be presumed to be abandoned property for the purposes of section 167.

Termination of receivership and final reporting to the Central Bank 156. (1) Once the proceeds for the sale of assets of a licensed financial institution or licensed financial holding company have been distributed, the receiver shall provide a report to the Central Bank that includes a statement of income and expense and sources and uses of funds during the period of receivership.

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