4 Effect of balance transfer on membership rights
Dormant Bank and Building Society Accounts Act 2008 (2008 c 31) | Legislation

Shareholding members of building societies

4  Effect of balance transfer on membership rights

(1)     This section applies where a person (“the member”) holds a share in a building society represented by an account with the society, and either—

(a)     a transfer is made to a reclaim fund with the result that section 1 applies in relation to the account, or

(b)     transfers are made to a reclaim fund and one or more charities with the result that section 2 applies

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