10 Meaning of “dormant” in relation to eligible amount owing by virtue of a collective scheme investment
Dormant Assets Act 2022 (2022 c 5) | Legislation

10  Meaning of “dormant” in relation to eligible amount owing by virtue of a collective scheme investment

(1)     For the purposes of this Act an eligible amount owing by virtue of a collective scheme investment is “dormant” at a particular time if either (or both) of the following two conditions is met in relation to the amount at that time.

(2)     The first condition, applicable to share or unit conversion proceeds, is that the responsible institution regards the person to whom

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