Dormant Bank and Building Society Accounts Act 2008
Encyclopedia
The Dormant Bank and Building Society Accounts Act 2008 (c 31) is an Act
of the Parliament
of the United Kingdom
. It authorises the distribution, by the Big Lottery Fund
, of assets from cash accounts that have been inactive for fifteen years.
Act of Parliament
An Act of Parliament is a statute enacted as primary legislation by a national or sub-national parliament. In the Republic of Ireland the term Act of the Oireachtas is used, and in the United States the term Act of Congress is used.In Commonwealth countries, the term is used both in a narrow...
of the Parliament
Parliament
A parliament is a legislature, especially in those countries whose system of government is based on the Westminster system modeled after that of the United Kingdom. The name is derived from the French , the action of parler : a parlement is a discussion. The term came to mean a meeting at which...
of the United Kingdom
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
. It authorises the distribution, by the Big Lottery Fund
Big Lottery Fund
The Big Lottery Fund is a grant-making non-departmental public body in the United Kingdom created by the Government to administer the funding of "good causes" following the creation of the National Lottery. It has an annual expenditure of £630 million...
, of assets from cash accounts that have been inactive for fifteen years.
Commencement
Parts 1 and 2 came into force on 12 March 2009. Part 3 came into force on 26 November 2008.External links
- The Dormant Bank and Building Society Accounts Act 2008, as amended from the National Archives.
- The Dormant Bank and Building Society Accounts Act 2008, as originally enacted from the National Archives.
- Explanatory notes to the Dormant Bank and Building Society Accounts Act 2008.