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There are outstanding changes not yet made by the legislation.gov.uk editorial team to Dormant Bank and Building Society Accounts Act 2008. Any changes that have already been made by the team appear in the content and are referenced with annotations.
6(1)In paragraph 5—E+W+S+N.I.
“charity” means a body, or the trustees of a trust, established for charitable purposes only;
“charitable, benevolent or philanthropic institution” means a body, or the trustees of a trust, that is established—
for charitable purposes (whether or not those purposes are charitable within the meaning of any rule of law),
for benevolent purposes, or
for philanthropic purposes,
and is not a charity;
“dormant account functions” means functions relating to, or connected with, the distribution of dormant account money (including the function of making decisions as to the persons to whom distributions are to be made).
(2)For the purposes of paragraph 5—
(a)the trustees of a trust are to be regarded as a body;
(b)a reference to a member of a body, in the case of a body of trustees, is to be read as a reference to any of the trustees.
(3)A reference in paragraph 5 to a member of a body includes the chairman or deputy chairman of the body (or the holder of any corresponding office in relation to it).
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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