6 Banking.U.K.
(1)One or more bank accounts may be opened and kept with the Bank of England in the name of the Duchy, in addition to any bank account so kept at the passing of this Act.
(2)One or more bank accounts may also be opened in the name of the Duchy with any recognised bank or banks.
(3)In the Duchy of Cornwall Management Acts 1863 to 1893—
(a)any provision relating to the bank account of the Duke of Cornwall or the Duchy of Cornwall with the Bank of England shall be construed as relating also to any bank account authorised under this section;
(b)any provision requiring payment into the Bank of England shall be construed as requiring payment into that Bank or [F1an authorised institution]; and
(c)any other provision relating to payment into the Bank of England and any provision relating to payment out of that Bank shall be construed as relating also to payment into or out of [F1an authorised institution]
[F2(4)In this section “authorised institution” means an institution authorised under the Banking Act 1987.]
Textual Amendments
F1Words substituted by Banking Act 1987 (c. 22, SIF 10), s. 108(1), Sch. 6 para. 14(a)
F2S. 6(4) substituted by Banking Act 1987 (c. 22, SIF 10), s. 108(1), Sch. 6 para. 14(b)
Modifications etc. (not altering text)
C1S. 6(4) extended (1.1.1993) by S.I. 1992/3218, regs. 1(2), 82(1), Sch. 10 Pt. I para. 14