XXIIIPenalties on receiving Annuities after the Deaths of Nominees.
And be it further enacted, That all and every Person or Persons who for his, her, or their own Use, or the life of any other Person or Persons, shall receive One or more Payment or Payments upon any Annuity for any Time beyond the Death of any single or surviving Nominee, on the Continuance of whose Life the same was payable, after the Time on which the said Annuity ought wholly to cease by virtue of this Act (knowing such Nominee to be dead) shall forfeit to His Majesty, His Heirs and Successors, Treble the Value of the Money received after the Death of such Nominee, and also the further Sum of Five hundred Pounds, which Penalties respectively shall be sued for, recovered, and applied in the Manner directed by this Act.