4InalienabilityU.K.
This section has no associated Explanatory Notes
(1)Any assignment of, or agreement to assign, investments under a child trust fund, and any charge on or agreement to charge any such investments, is void.
(2)On the bankruptcy of a child by whom a child trust fund is held, the entitlement to investments under it does not pass to any trustee or other person acting on behalf of the child’s creditors.
(3)“Assignment” includes assignation; and “assign” is to be construed accordingly.
(4)“Charge on or agreement to charge” includes a right in security over or an agreement to create a right in security over.
(5)“Bankruptcy”, in relation to a child, includes the sequestration of the child’s estate.
Commencement Information
I1S. 4 in force at 6.4.2005 by S.I. 2004/3369, art. 2(1)