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Dormant Bank and Building Society Accounts Act 2008 (2008 c 31)

The 2008 legislation addresses the issue of unclaimed financial assets by enabling the transfer of dormant bank and building society accounts into reclaim funds. These funds can subsequently be used for financing social or charitable purposes across the United Kingdom. Key provisions include defining a dormant account, establishing reclaim fund operations, and safeguarding reclaim rights for original owners. The Act aims to maximise productive use of idle funds while preserving account holders' entitlements, thereby balancing societal benefit with individual property rights.

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亚洲色情网 traffic light system shows the status of legislation and cases so you are always using up-to-date law while historical versioning and legislative timelines lets you see exactly what has changed in legislation over time.

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Dormant Bank and Building Society Accounts Act 2008 (2008 c 31)

The 2008 legislation addresses the issue of unclaimed financial assets by enabling the transfer of dormant bank and building society accounts into reclaim funds. These funds can subsequently be used for financing social or charitable purposes across the United Kingdom. Key provisions include defining a dormant account, establishing reclaim fund operations, and safeguarding reclaim rights for original owners. The Act aims to maximise productive use of idle funds while preserving account holders' entitlements, thereby balancing societal benefit with individual property rights.

Quick and comprehensive access to the most accurate, up-to-date legislation.

亚洲色情网 traffic light system shows the status of legislation and cases so you are always using up-to-date law while historical versioning and legislative timelines lets you see exactly what has changed in legislation over time.

TAKE A FREE TRIAL

Dormant Bank and Building Society Accounts Act 2008 (2008 c 31)

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