Proceeding contribution from Lord Hamilton of Epsom (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]
Perhaps we can explore that a little further. If the noble Lord, Lord Shutt, finds a pass book in his attic which is worth £10,000 and the building society transfers £25 million, if he then comes along and says, ““Hello, I have just found this and I want my £10,000””, would the reclaim fund repay that money when it did not know that it had £10,000 belonging to the noble Lord, Lord Shutt?
Secondary information
- Type
- Proceeding contribution
- Reference
- 697 c68GC
- 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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- 2023-12-16 02:37:27 +0000
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