F1Part 3Accounts and funds

Annotations:
Amendments (Textual)

Authority to take preliminary steps

24DAuthority to open account in adult's name

1

This section applies where—

a

a person believes that—

i

an adult holds funds;

ii

an adult is entitled to income or other payments or is likely to become so entitled; or

iii

a fundholder holds funds on behalf of an adult; but

b

the adult does not have a suitable account in the adult's sole name in which the funds, income or other payments can be placed for the purposes of intromitting with the adult's funds under this Part.

2

Where this section applies, the person may apply to the Public Guardian for a certificate authorising the opening of an account in the adult's name for the purpose of intromitting with the adult's funds.

3

Where the Public Guardian grants an application under subsection (2), the Public Guardian must issue the certificate to the applicant.

4

The certificate issued under subsection (3) may specify the kind of account which may be opened by a fundholder.

5

A fundholder presented with a certificate issued under subsection (3) may open an account in the adult's name.

6

But, if the certificate specifies a kind of account, the fundholder may open only an account of the type specified.

7

On an account being opened in pursuance of subsection (5), the applicant must notify prescribed particulars of the account to the Public Guardian.