Unclaimed Money Act 1995
5Money held by enterprise
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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.