UNCLAIMED MONEY ACT 1995 - SECT 5
Money held by enterprise
UNCLAIMED MONEY ACT 1995 - SECT 5
Money held by enterprise
5 Money held by enterprise
(1) In this Act, a reference to money held by an enterprise--
(a) includes a
reference to money that is in the hands or under the control of the
enterprise, and
(b) is, in relation to an enterprise that does not have a
separate legal personality, taken to be a reference to money held by the
members for the time being of the enterprise for the purposes of the
enterprise.
(2) In this section,
"member" of an enterprise means a person, body or organisation that is, under
its rules of membership, a member of the enterprise, or, if the rules do not
provide for membership of the enterprise, a person, body or organisation that
is a member of the body that governs or has the management of the enterprise.
