UK Parliament / Open data

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?
Type
Proceeding contribution
Reference
697 c87GC 
Session
2007-08
Chamber / Committee
House of Lords Grand Committee
Back to top