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PART 2U.K.Premium savings bonds

CHAPTER 2U.K.Payments in relation to bonds

Payments to persons who lack capacityU.K.

9.—(1) An application for payment of the amount repayable, or any other amount payable, in relation to a bond held by a person who lacks capacity must be made by that person’s deputy.

(2) Where a holder of a bond is a person who lacks capacity for whom no deputy has been appointed, the Director of Savings may, upon it being shown that it is expedient to do so, pay the whole or any part of the amount repayable (or any other amount payable) to a person who the Director of Savings is satisfied will apply it for the maintenance or otherwise for the benefit of that holder.

Commencement Information

I1Reg. 9 in force at 6.4.2015, see reg. 1(1)