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.

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.

“Assignment” includes assignation; and “assign” is to be construed accordingly.

“Charge on or agreement to charge” includes a right in security over or an agreement to create a right in security over.

“Bankruptcy”, in relation to a child, includes the sequestration of the child’s estate.