(1) If it appears either from any statement sent to the Registrar under section 486 or otherwise that a liquidator has in his or her hands or under his or her control any money representing unclaimed or undistributed assets of the company which have remained unclaimed or undistributed for 6 months after the date of their receipt or any money held by the company in trust in respect of dividends or other sums due to any person as a member of the company, the liquidator shall pay that money into court, and shall be entitled to the prescribed certificate of receipt for the money so paid, and that certificate shall be an effectual discharge to him or her in respect thereof.
(2) Any person claiming to be entitled to any money paid into court under this section may apply to the court for payment thereof, and the court may, on a certificate by the liquidator that the person claiming is entitled, make an order for the payment to that person of the sum due.
Supplementary Powers of Court