198 Compensation claims

(1)

The administrator may apply the bond received from an approved surety to compensate a society or participants in the class 3 gambling activity who have suffered loss or damage in the circumstances set out in section 196(1) as a result of the acts or omissions of the licensed promoter.

(2)

If subsection (1) applies, the administrator must publish a notice twice, at intervals of not more than 14 days in a newspaper or newspapers that the administrator considers sufficient, inviting people to lodge claims with the administrator.

(3)

A person who wishes to lodge a claim must do so within 6 months of the first date on which the notice is published.

Compare: 1977 No 84 s 41(4), (6)