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Dormant Bank and Building Society Accounts Act 2008

Overview of the Structure

18.The Act is divided into three Parts. Part 1 (sections 1-15) deals with the cancellation of a bank or building society’s liability to its customer and the transfer of money to a reclaim fund. Part 2 (sections 16-27) deals with the distribution of money by the Big Lottery Fund for social or environmental purposes. Part 3 (sections 28-32) contains the final provisions of the Act.

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Explanatory Notes

Text created by the government department responsible for the subject matter of the Act to explain what the Act sets out to achieve and to make the Act accessible to readers who are not legally qualified. Explanatory Notes were introduced in 1999 and accompany all Public Acts except Appropriation, Consolidated Fund, Finance and Consolidation Acts.

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