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Dormant Bank and Building Society Accounts Act 2008

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This is the original version (as it was originally enacted).

27Interpretation of Part 2

This sectionnoteType=Explanatory Notes has no associated

(1)In this Part—

  • “dormant account money” has the meaning given by section 16(2);

  • “English expenditure”, “Welsh expenditure”, “Scottish expenditure” and “Northern Ireland expenditure” have the meaning given by section 17(2);

  • “financial year” means a period of 12 months ending with 31 March;

  • “reclaim fund” has the meaning given by section 5(1).

(2)A reference in this Part to the distribution of money is to be read as including a reference to making or entering into arrangements in accordance with section 16(3), and related expressions are to be read accordingly.

See also section 16(5).

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