Dormant Accounts (Amendment) Act 2005

Preservation of certain contracts and adaptation of references.

14.—(1) Every contract or agreement made between the former Board (or any trustee or agent acting on its behalf) and any other person, and in force immediately before the establishment day continues in force on and after that day.

(2) A contract or agreement referred to in subsection (1)

(a) is to be read and have effect as if the name of the Dormant Accounts Board were substituted in it for that of the former Board or, as the case may be, any trustee or agent acting on its behalf, and

(b) is enforceable against the Dormant Accounts Board.