PART 2Deposits in the National Savings Bank
CHAPTER 2Accounts and transactions
Accounts of building societies, industrial and provident societies and corporations16
1
This regulation applies only in relation to an account opened before 1st January 1990.
2
A deposit may be made in the name of—
a
a building society within the meaning of the Building Societies Act 198614 (or under enactments repealed by that Act);
b
c
subject to the approval of the Director of Savings, in the name of any other body corporate or in the name of a corporation sole.
3
In the case of a corporation sole, a declaration in the approved form must be made by the person constituting the corporation.
4
An application to withdraw or transfer deposits must be made—
a
in the case of a society or other body corporate—
i
under its seal;
ii
by the secretary or treasurer; or
iii
by two of the directors;
b
in the case of a corporation sole, by the person constituting the corporation.