9“Account”
This section has no associated Explanatory Notes
(1)“Account” means an account that has at all times consisted only of money.
(2)A reference in this Part to an account held with a bank or building society is to an account provided by the bank or building society as part of its activity of accepting deposits.
(3)In relation to a building society, “account” includes an account representing shares in the society, other than—
(a)preferential shares, or
(b)deferred shares within the meaning given in section 119(1) of the Building Societies Act 1986 (c. 53).