Regulation 7 Section 12(3) cases

propose to transfer the balance standing to the credit of the dormant body in such accounts as are mentioned in section 12(2) to another recognised body in terms of section 12(3) or, as the case may be, section 12(4);

give notice of his proposal to that other recognised body; and

publish notice of his proposal by publishing, in a newspaper circulating throughout Scotland or, if the purposes of the dormant body, so far as known to the nominee, relate to a particular locality, in a local newspaper circulating in that locality, a notice in the form set out in the Schedule to these Regulations or in a form substantially to the like effect.