Part 1Transfer of balances in dormant accounts
Interpretation etc
I19“Account”
1
“Account” means an account that has at all times consisted only of money.
2
A reference in this Part to an account held with a bank or building society is to an account provided by the bank or building society as part of its activity of accepting deposits.
3
In relation to a building society, “account” includes an account representing shares in the society, other than—
a
preferential shares, or
b
deferred shares within the meaning given in section 119(1) of the Building Societies Act 1986 (c. 53).