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The Court Funds Rules 1987
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- UK Statutory Instruments
- 1987 No. 821 (L. 3)
- Explanatory Note
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Explanatory Note
(This note is not part of the Rules)
These Rules amalgamate, with corrections and detailed changes, the Supreme Court Funds Rules and the County Court Funds Rules. The main changes of detail which they make are:—
(a)the allocation of day to day interest on the Special Investment Account (formerly called the Short Term Investment Account) instead of in respect of whole months only (rules 26 and 27(2));
(b)the crediting of interest on sums held to the account of unclaimed balances which are eventually paid out of court (rule 57(7)).
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