unclaimed moneys

"unclaimed moneys" means- (a) all sums of money which are legally payable to the owner and have remained unpaid for a period of not less than one year after they have become payable; (b) all sums of money to the credit of an account that has not been operated in whatever manner by the owner for a period of not less than seven years; and (c) all sums of money to the credit of a trade account which has remained dormant for a period of not less than two years. [Subs. Act A1161 - Prior text read- ""unclaimed moneys" means- (a) all principal and interest and all dividends, bonuses and profits and all salaries, wages and commissions and all fixed and other deposits and all sums of money whatsoever which are legally payable to the owner and have remained unpaid not less than twelve months after they have become payable; (b) any moneys, including any interest whensoever paid thereon, to the credit of an account that has not been operated by the owner either by deposit or withdrawal for a period of not less than seven years; and (c) any moneys to the credit of a trade account that has not been operated by any transaction for a period of not less than two years."]
ACT 370 - UNCLAIMED MONEYS ACT 1965 (REVISED 1989)
8. Interpretation.