APPORTIONMENT ACT

ARRANGEMENT OF SECTIONS

   1   Short title

   2   Interpretation

   3   Apportionment

   4   When apportioned part shall be payable or recoverable

   5   Who can recover

   6   Limitation of extent of Act

 

THE APPORTIONMENT ACT

[Date of Commencement: 4th July, 1919]

Cap 16.

1   Short title

   This Act may be cited as the Apportionment Act.

2   Interpretation

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   In this Act-

   "rents" includes rent-service, rent-charge and rent-seck and all periodical payments in lieu of or in the nature of rent;

   "annuities" includes salaries and pensions;

   "dividends" includes (besides dividends strictly so called) all payments made by the name of dividend, bonus or otherwise out of the revenue of trading or other public companies, divisible between all or any of the members of such respective companies, whether such payments shall be usually made or declared at any fixed times or otherwise, and all such divisible revenue shall, for the purposes of this Act, be deemed to have accrued by equal daily increment during and within the period for or in respect of which the payment of the same revenue shall be declared or expressed to be made, but the said word "dividend" does not include payments in the nature of a return or reimbursement of capital.

3   Apportionment

   All rents, annuities, dividends and other periodical payments in the nature of income (whether reserved or made payable under an instrument in writing or otherwise), shall like interest on money lent, be considered as accruing from day to day, and shall be apportionable in respect of time accordingly.

4   When apportioned part shall be payable or recoverable

   The apportioned part of any such rent, annuity, dividend, or other payment shall be payable or recoverable in the case of a continuing rent, annuity, or other such payment when the entire portion of which such apportioned part shall form part shall become due and payable, and not before, and in the case of a rent, annuity, or other such payment determined by re-entry, death or otherwise, when the next entire portion of the same would have been payable if the same had not so determined and not before.

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