Chapter 6:01
ADMINISTRATION OF ESTATES
[Subsection amended by section 4 of Act 12/1997.]
(2) Interest on all moneys paid into the Guardian’s Fund in terms
of section 5 of the Deceased Estates Succession Act [Chapter 51 of
1939] shall also be allowed from and including the date of receipt of
such moneys and until and including the date of the death of the
surviving spouse.
(3) For the purposes of this section interest shall be allowed at
such rate, being not less than three per centum per annum, as the
Minister may from time to time determine, and in so determining the
Minister may allow different rates in different cases.
99 Master to control moneys in hands of agents for person
whose whereabouts are unknown
(1) Every person, other than a deposit-receiving institution referred
to in section one hundred, carrying on business within Zimbabwe
shall in January in each year prepare as hereinafter provided a
detailed statement of all moneys amounting to one hundred dollars
and upwards which were in his hands or in the hands of an agent on
his behalf within Zimbabwe on the 31st December last past, which
were not his property or subject to any valid lien and which have
remained unclaimed for a period of five years or more by the rightful
owner.
(2) That statement shall as far as practicable set forth the full
name and last known address of each of the owners aforesaid and
shall be signed by the person carrying on business as aforesaid or
some responsible person on his behalf, and shall be supported by
an affidavit in the form contained in the Third Schedule.
(3) Such statement and supporting affidavit shall, not later than the
31st January in each year, be forwarded to the Master, together with
all moneys detailed therein; and all such moneys shall be held by
the Master in the Guardian’s Fund for account of the rightful owners.
(4) The Master may, by notice, call upon any person so carrying
on business to prepare such statement and affidavit and to file the
same within a period of one month from the date of such notice; and
if such person, when so called upon, fails to comply with the
requirements of such notice, the Master shall have the right of
examination of all books and records of such person, either himself
or by any person duly appointed by him.
(5) If any person fails to furnish the statement and affidavit
mentioned in this section or to pay into the Guardian’s Fund any
moneys which under this section ought so to be paid, as and when
the same ought respectively to be furnished or paid, then every
person having the custody or control of such moneys or, in the case
of an association of persons other than a partnership, the secretary
and every director thereof within Zimbabwe or, in the case of a
partnership, every member thereof within Zimbabwe, shall be guilty
of an offence and liable to a fine not exceeding two thousand dollars
or, in default of payment, to imprisonment for a period not exceeding
September 2000-09-27
51
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