Transfer of Evacuee Deposits Act,1954

Act No : 15

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Section : Power of Court or Custodian to convert deposits into money beforetransmission to Pakistan.

7. Power of Court or Custodian to convert deposits into money before transmission to Pakistan. Where the transfer to Pakistan of any article which is a transferable deposit is prohibited under any law for the time being in force, it shall be lawful for a Civil or a Revenue Court, or the court of wards or the manager or the Custodian, as the case may be, to convert such article into money in such manner as may be prescribed, and upon such conversion the provisions of this Act shall apply to the proceeds thereof as they apply to a transferable deposit.

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