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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]

Perhaps I may ask the Minister one other question. Am I right in thinking that under the provisions of the Bill, if my noble friend Lord Hamilton and I both went to Companies House, we could both now register a company as a reclaim fund? If there is no particular arrangement in the Bill about who is to form the company under the Companies Act, I assume—because the Bill refers to ““reclaim funds”” and not to one ““reclaim fund””—that we could register a company, set out articles of association and a memorandum and seek to become the company in control of the reclaim funds. If that is not the case, the question must be: who has agreed with the Treasury that when the Bill is enacted they will be willing to promote a reclaim fund?

Secondary information

Type
Proceeding contribution
Reference
697 c87GC 
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