Proceeding contribution from Viscount Eccles (Conservative) in the House of Lords on Tuesday, 11 December 2007. It occurred during Debate on bill and Committee proceeding on Dormant Bank and Building Society Accounts Bill [HL].
Dormant Bank and Building Society Accounts Bill [HL]
Before the Minister sits down, I wonder if it would be helpful if another aspect of this were to be looked at. The company will be incorporated under the Companies Acts, including the Companies Act 2006. I suppose it is perfectly possible that someone might proceed against the company on the ground that it was not conforming to those Acts. At that point, if it did get into court, someone would get up and say, ““Has the Treasury done its duty?””—that is, did it give this company a direction that might have put it right in a way that would have meant it did not get taken to court? The Treasury seems to be getting itself into a difficult position by looking to put itself in the shoes of normal legal processes.
Secondary information
- Type
- Proceeding contribution
- Reference
- 697 c57GC
- Session
- 2007-08
- Chamber / Committee
- House of Lords Grand Committee
- Subjects
- Disclosure of information Compensation Databases Codes of practice Charities Companies Assets Bank services Banks Building societies Fraud Finance Financial Services Authority Private sector Lotteries Public bodies Registration Regulation Repayments Shareholders Big Lottery Fund Commission on Unclaimed Assets
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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