Dormant Bank and Building Society Accounts Act 2008

InterpretationU.K.

27Interpretation of Part 2U.K.

(1)In this Part—

• [F1“dormant assets money]” has the meaning given by section 16(2);

• “English expenditure”, “Welsh expenditure”, “Scottish expenditure” and “Northern Ireland expenditure” have the meaning given by section 17(2);

• “financial year” means a period of 12 months ending with 31 March;

• “reclaim fund” has the meaning given by section 5(1).

(2)A reference in this Part to the distribution of money is to be read as including a reference to making or entering into arrangements in accordance with section 16(3), and related expressions are to be read accordingly.

See also section 16(5).