Building Societies Act 1986

Solicitors Act 1974 (c.47)

11 (1) This paragraph amends the [1974 c. 47.] Solicitors Act 1974 as follows.

(2) In section 32 (accounts rules and trust accounts rules), in subsections (1) and (2), in paragraph (a), after "banks", there shall be inserted " or with building societies " and, in the words following paragraph (c), the word " banks' " shall be omitted.

(3) In section 33 (interest on clients' money) in subsections (1) and (3), after "bank", there shall be inserted " or with a building society ".

(4) In section 85 (bank accounts)—

(a) after " account with a bank " there shall be inserted " or a building society " , and

(b) in paragraphs (a) and (b) after " bank " there shall be inserted " or society ".

(5) In section 87(1) (interpretation), after the definition of " bank " there shall be inserted—

• “" building society " means a building society within the meaning of the Building Societies Act 1986 ; and a reference to an account with a building society is a reference to a deposit account.”.