The Treasury Solicitor, Jonathan Jones, will continue to act as the Crown s Nominee for the collection and disposal of bona vacantia
and remains the Solicitor for the Affairs of Her Majesty s Treasury for this purpose.
Any specific connotation of `Treasure' as concealed items of precious metal is in practice subsumed within the concept of bona vacantia
, or ownerless goods, which is the real heart of the matter.
31) Moreover, some form of process is required to dissolve a company in order to deal with its assets and liabilities; otherwise, the company's property passes to the Crown as bona vacantia
and not to the members.
Large businesses seeking to tidy up their corporate and legal structures by dissolving a number of non-trading companies, and small business owners where it is unclear whether they, or their company, own a property, are particularly vulnerable to bona vacantia
and can easily end up losing control of a property," says Ms Mort.
The website is named after the term Bona Vacantia
, which literally means vacant goods and is the legal name for owner-less property that passes to the Crown.
His demise came to our attention when a Richard Smith Wilkinson appeared on the Treasury's Bona Vacantia
website,'' he said.
New unclaimed estates are advertised by the Bona Vacantia
Division of the Treasury Solicitor on their website.