407 Unclaimed dividends and undistributed balances
407 Unclaimed dividends and undistributed balances

(1)     The Secretary of State shall from time to time pay into the Consolidated Fund out of the Insolvency Services Account so much of the sums standing to the credit of that Account as represents—

(a)     dividends which were declared before such date as the Treasury may from time to time determine and have not been claimed, and

(b)     balances ascertained before that date which are too small to be divided among the persons entitled to them.

(2)     For the purposes of this section the sums standing to the credit of the Insolvency Services Account are deemed to include any sums paid out of that Account and represented by any sums or securities standing to the credit of the Investment Account.