6(1)Section 359 (administration order) is amended as follows.U.K.
(2)In subsection (3) (persons treated as unable to pay their debts), the “and” at the end of paragraph (a) is omitted and at the end of paragraph (b) there is inserted “, and—
(c)an authorised reclaim fund in default on an obligation to pay a sum payable as a result of a claim made by virtue of section 1(2)(b) or 2(2)(b) of the Dormant Bank and Building Society Accounts Act 2008.”
(3)In subsection (4) (definitions), at the appropriate place there is inserted—
““authorised reclaim fund” means a reclaim fund within the meaning given by section 5(1) of the Dormant Bank and Building Society Accounts Act 2008 that is authorised for the purposes of this Act;”.
Commencement Information
I1Sch. 2 para. 6 in force at 12.3.2009 by S.I. 2009/490, art. 2