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Dormant Bank and Building Society Accounts Act 2008

The Dormant Bank and Building Society Accounts Act 2008 (c. 31) is an act of the Parliament of the United Kingdom.

Provisions

It authorises the distribution, by the Big Lottery Fund, of assets from cash accounts that are considered dormant. A bank account is considered dormant if it has not been accessed in 15 years.

Commencement

Parts 1 and 2 came into force on 12 March 2009. Part 3 came into force on 26 November 2008.

Further developments

The legislation became part of the Big Society policy under the Cameron-Clegg coalition.

Charities to have received funding under the act include Age UK, Harrogate Skills 4 Living Centre and Harry Specters.

, the scheme has released .

See also

References

External links