I would not want to be accused of excessive naivety about how financial institutions work. We should recall the purpose of the transfer of funds. If the bank reaches a judgment, the account is dormant; the bank is not the beneficiary—the funds go to the reclaim fund. I am not being excessively naive in this case.
Dormant Bank and Building Society Accounts Bill [HL]
Proceeding contribution from
Lord Davies of Oldham
(Labour)
in the House of Lords on Thursday, 10 January 2008.
It occurred during Debate on bills
and
Committee proceeding on Dormant Bank and Building Society Accounts Bill [HL].
Type
Proceeding contribution
Reference
697 c340GC
Session
2007-08
Chamber / Committee
House of Lords Grand Committee
Subjects
Librarians' tools
Timestamp
2023-12-16 02:25:04 +0000
URI
http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_433050
In Indexing
http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_433050
In Solr
https://search.parliament.uk/claw/solr/?id=http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_433050