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National Savings Bank Act 1971
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- UK Public General Acts
- 1971 c. 29
- Schedule 1
- Paragraph 2
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2(1)In section 197(2) of the Local Government Act 1933, the reference to securities created by a local authority shall include a reference to any charge arising by virtue of this Schedule.
(2)Section 207 of that Act shall apply to such a charge as it applies to a mortgage, but with the following modifications, that is to say—
(a)in subsection (2), for the reference to the mortgage deed and die date of a mortgage there shall be substituted respectively references to the agreement giving rise to the charge and the date of the agreement; and
(b)subsections (3) and (5) shall be omitted.
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