Savings Banks Act, 1920
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Amendment of law as to deposits of deeased depositors. 50 & 51 Vict. c. 40 |
4.—(1) Paragraph (a) of subsection (1) of section three of the Savings Banks Act, 1887 , shall have effect as though the words “not exceeding in the aggregate one hundred pounds” were omitted therefrom, and paragraph (b) of the said subsection shall have effect as though for the words “for the revocation for the manner in which any such nomination may be revoked by the depositor, and for the circumstances in which it is to be treated as having ceased to be operative.” | |
(2) Paragraph (c) of subsection (1) of section three of the Savings Banks Act, 1887 , shall cease to have effect. | ||
(3) The power to make regulations under section three of the Savings Banks Act, 1887 , shall include power to make regulations for any of the following purposes:— | ||
(a) For directing that any person acting as witness to a nomination shall be disqualified from taking there-under: | ||
(b) For authorising the savings bank authority to treat as a depositor in the savings bank any person named as nominee in any nomination who dies after the death of the nominator but before receiving payment of the sum to be paid to him under the nomination: | ||
(c) For providing that where any person to whom any sum, being the whole or any part of the deposit of a deceased depositor, is payable is unable by reason of any incapacity whatsoever to give a legal discharge thereof the sum may be paid to any person undertaking to maintain the incapacitated person. |