Part 2: Other Provisions Section 21: Unwanted assets
The Dormant Assets Scheme requires participants to have attempted to reunite an asset with its owner before it can be classed as dormant and transferred to the Scheme. When these reunification efforts are successful, the owner may decide that they no longer want their asset. This could be, for example, because the asset is of low value, and the owner does not want the administrative effort of reclaiming it (such as ¬£5 in a deposit account, a share worth ¬£2, etc). This section enables these unwanted assets to be donated to the Scheme.
	Subsection (2) provides that an owner can opt for all or part of their asset to be donated to the Scheme. This must be an asset otherwise in scope of the Dormant Assets Scheme - i.e. of the type provided for in section 8 of the 2008 Act, or sections 3, 6, 9, 12 or 15 in this Act. The owner must declare that no other person has a right in or over the asset, and an authorised reclaim fund must consent to the transfer. Subsection (2) also provides that unwanted assets cannot be reclaimed from an authorised reclaim fund, given that they have been donated by the owner.