ADMINISTRATION OF ESTATES ACT Chapter 6:01 level seven or to imprisonment for a period not exceeding one year or to both such fine and such imprisonment. [Section amended by s. 4 of Act 22/2001.] 100 Deposit-receiving institutions (1) In this section— “deposit-receiving institution” means— (a) the Post Office Savings Bank; or (b) any commercial bank, accepting house, discount house or financial institutionfinance house registered under the Banking Act [Chapter 24:0120]; [Definition amended by s. 82 of Act 9/1999.] (c) any building society registered under the Building Societies Act [Chapter 24:02]. (2) Every deposit-receiving institution shall, during January of each year, cause to be drawn up a list of all amounts of one hundred dollars or more which that deposit-receiving institution has held for the account of depositors as at the immediately preceding 31st December and which are not subject to any valid lien or set-off and in respect of which accounts the depositor concerned has not for a period of ten years or more— (a) conducted any operations by deposit or withdrawal; or (b) presented the pass-book, if any, to the institution for the inclusion of interest or for verification; or (c) notified the institution that he is aware of the account. (3) During January of each year, every deposit-receiving institution shall send to the last-known address of each depositor whose name appears on the list prepared in terms of subsection (1) a letter and shall publish in the Gazette a notice— (a) notifying the depositor of the existence of the account; and (b) calling on the depositor to notify the institution whether he wishes to continue the account and to send to the institution for verification any passbook he has in respect of the account; and (c) advising the depositor that, if he fails to reply to the letter before the 15th April of that year, the amount held in the account will be forwarded to the Master as unclaimed money. (4) After the 15th April and before the 1st May in each year, the deposit-receiving institution shall, after deleting from the list prepared by it in terms of subsection (2) those accounts in respect of which the depositor concerned has done any of the things specified in paragraph (a), (b) or (c) of subsection (2) or replied to the letter sent in terms of subsection (3), forward to the Master— (a) a statement in accordance with subsection (5) indicating the accounts remaining on the list which shall be in two parts, the first dealing with accounts amounting to one hundred dollars or more but less than two hundred and fifty dollars and the second with accounts amounting to fifty dollars or more; and (b) the amount stated to be held in respect of each account referred to in the statement mentioned in paragraph (a); 52 Reissue