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An Act to consolidate the Trustee Savings Banks Act 1969 to 1978, with amendments to give effect to recommendations of the Law Commission and the Scottish Law Commission.
30th October 1981
Modifications etc. (not altering text)
C1Act repealed by Trustee Savings Banks Act 1985 (c. 58, SIF 110), ss. 4(3), 7(3), Sch. 4, the repeal by virtue of s. 4(3) being brought into force by S.I.s 1986/1220, 1986/1223, 1988/1168 and 1990/1982 as specified below
Textual Amendments
F1Ss. 1, 2 repealed (with saving) by virtue of Trustee Savings Banks Act 1985 (c. 58, SIF 110), s. 4(3)(4)(5) and S.I. 1986/1223, arts. 2(a), 3, 12, Sch. 1
(1)(2). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F2
(3). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F3
Textual Amendments
F2S. 3(1)(2) repealed by virtue of Trustee Savings Banks Act 1985 (c. 58, SIF 110), s. 4(3)(4)(5) and S.I. 1986/1223, arts. 2(a), 12, Sch. 1
F3S. 3(3) repealed by virtue of Trustee Savings Banks Act 1985 (c. 58, SIF 110), s. 4(3)(4)(5) and S.I. 1990/1982, art. 2 Sch. (subject to a saving in art. 3)
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F4
Textual Amendments
F4Ss. 4, 5 repealed (with saving) by virtue of Trustee Savings Banks Act 1985 (c. 58, SIF 110), s. 4(3)(4)(5) and S.I. 1986/1223, arts. 2(a), 4, 12, Sch. 1
(1). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F5
(2). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F6
Textual Amendments
F5S. 6(1) repealed by virtue of Trustee Savings Banks Act 1985 (c. 58, SIF 110), s. 4(3)(4)(5) and S.I. 1986/1223, arts. 2(a), 12, Sch. 1
F6S. 6(2) repealed by virtue of Trustee Savings Banks Act 1985 (c. 58, SIF 110), s. 4(3)(4)(5) and S.I. 1990/1982, art. 2 Sch. (subject to a saving in art. 4)
(1)(2). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F7
(3). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F8
(4). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F9
(5)(6). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F10
Textual Amendments
F7S. 7(1)(2) repealed by virtue of Trustee Savings Banks Act 1985 (c. 58, SIF 110), s. 4(3)(4)(5) and S.I. 1990/1982, art. 2, Sch.
F8S. 7(3) repealed by virtue of Trustee Savings Banks Act 1985 (c. 58, SIF 110), s. 4(3)(4)(5) and S.I. 1986/1223, arts. 2(a), 12, Sch. 1
F9S. 7(4) repealed by virtue of Trustee Savings Banks Act 1985 (c. 58, SIF 110), s. 4(3)(4)(5) and S.I. 1990/1982, art. 2, Sch.
F10S. 7(5)(6) repealed by virtue of Trustee Savings Banks Act 1985 (c. 58, SIF 110), s. 4(3)(4)(5) and S.I. 1986/1223, arts. 2(a), 12, Sch. 1
Textual Amendments
F11Ss. 8–11 repealed by virtue of Trustee Savings Banks Act 1985 (c. 58, SIF 110), s. 4(3)(4)(5) and S.I. 1986/1223, arts. 2(a), 12, Sch. 1
Textual Amendments
F12S. 12 repealed by Trustee Savings Banks Act 1985 (c. 58, SIF 110), s. 4(3)(4)(5), and S.I. 1988/1168, art. 2(a)
Textual Amendments
F13S. 13 repealed by virtue of Trustee Savings Banks Act 1985 (c. 58, SIF 110), s. 4(3)(4)(5), S.I. 1986/1223, arts. 2(a), 12, Sch. 1 and S.I. 1988/1168 art. 2(b)
Textual Amendments
F14S. 14 repealed by virtue of Trustee Savings Banks Act 1985 (c. 58, SIF 110), s. 4(3)(4)(5) and S.I. 1986/1223, arts. 2(a), 12, Sch. 1
(1)—(8). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F15
(9)(10). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F16
(11). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F17
Textual Amendments
F15S. 15(1)–(8) repealed by virtue of Trustee Savings Banks Act 1985 (c. 58, SIF 110), s. 4(3)(4)(5) and S.I. 1986/1223, arts. 2(a), 12, Sch. 1
F16S. 15(9)(10) repealed by virtue of Trustee Savings Banks Act 1985 (c. 58, SIF 110), s. 4(3)(4)(5) and S.I. 1990/1982, arts. 2, Sch. (subject to a saving for s. 15(9) in art. 5)
F17S. 15(11) repealed by virtue of Trustee Savings Banks Act 1985 (c. 58, SIF 110), s. 4(3)(4)(5) and S.I. 1986/1223, arts. 2(a), 12, Sch. 1
(1). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F18
(2). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F19
(3)(4). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F20
Textual Amendments
F18S. 16(1) repealed (with saving) by virtue of Trustee Savings Banks Act 1985 (c. 58, SIF 110), s. 4(3)(4)(5) and S.I. 1986/1223, arts. 2(a), 5, 12, Sch. 1
F19S. 16(2) repealed by virtue of Trustee Savings Banks Act 1985 (c. 58, SIF 110), s. 4(3)(4)(5) and S.I. 1990/1982, art. 2, Sch. (subject to a saving in art. 6)
F20S. 16(3)(4) repealed by virtue of Trustee Savings Banks Act 1985 (c. 58, SIF 110), s. 4(3)(4)(5) and S.I. 1986/1223, arts. 2(a), 5, 12, Sch. 1
Textual Amendments
F21Ss. 17, 18 repealed by virtue of Trustee Savings Banks Act 1985 (c. 58, SIF 110), s. 4(3)(4)(5) and S.I. 1986/1223, arts. 2(a), 12, Sch. 1
(1)—(4). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F22
(5). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F23
Textual Amendments
F22S. 19(1)–(4) repealed by virtue of Trustee Savings Banks Act 1985 (c. 58, SIF 110), s. 4(3)(4)(5) and S.I. 1986/1223, arts. 2(a), 12, Sch. 1
F23S. 19(5) repealed by virtue of Trustee Savings Banks Act 1985 (c. 58, SIF 110), s. 4(3)(4)(5) and S.I. 1990/1982, art. 2, Sch.
Textual Amendments
F24Ss. 20–22 repealed by virtue of Trustee Savings Banks Act 1985 (c. 58, SIF 110), s. 4(3)(4)(5) and S.I. 1986/1223, arts. 2(a), 12, Sch. 1
Textual Amendments
F25Ss. 23, 24 repealed by Trustee Savings Banks Act 1985 (c. 58, SIF 110), s. 4(3)(4)(5) and by S.I. 1988/1168, art. 2(b)
Textual Amendments
F26S. 25 repealed by virtue of Trustee Savings Banks Act 1985 (c. 58, SIF 110), s. 4(3)(4)(5), S.I. 1986/1223, arts. 2(a), 12, Sch. 1 and S.I. 1988/1168 art. 2(b)
Textual Amendments
F27S. 26 repealed by virtue of Trustee Savings Banks Act 1985 (c. 58, SIF 110), s. 4(3)(4)(5) and S.I. 1986/1223, arts. 2(a), 6, 12, Sch. 1
Textual Amendments
F28Ss. 27, 28 repealed by virtue of Trustee Savings Banks Act 1985 (c. 58, SIF 110), s. 4(3)(4)(5) and S.I. 1986/1223, arts. 2(a), 7, 12, Sch. 1
(1)Without prejudice to the provisions of section 31 of the M1Industrial and Provident Societies Act 1965 and section 31 of the M2Industrial and Provident Societies Act (Northern Ireland) 1969 (which deal with the investment powers of registered societies), the treasurer of any charitable or provident institution or society, or charitable donation or bequest for the maintenance, education or benefit of the poor, or of any penny savings bank, may invest the funds of the institution or society in the funds of a trustee savings bank.
(2)Where a payment is made by a trustee savings bank to a trustee, treasurer or other officer of a provident institution or society or of a charity, friendly society or penny savings bank who is apparently authorised to require that payment, his receipt shall be a sufficient discharge, and neither the trustee savings bank nor any of its trustees or officers shall be responsible for any misapplication or for any want of authority of the person requiring or receiving the payment.
(3). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F29]
Textual Amendments
F29S. 29 repealed (with saving for subsections (1) and (2)) by virtue of Trustee Savings Banks Act 1985 (c. 58, SIF 110), s. 4(3)(4)(5) and S.I. 1986/1223, arts. 2(a), 8, 9, 12, Sch. 1 (arts. 8 and 9 providing as follows: “8. Notwithstanding the repeal of subsection (1) of section 29 of the 1981 Act, any funds which are pursuant to that subsection invested before the vesting day in the funds of a trustee savings bank may continue on and after the vesting day to be invested with the successor bank. 9. Nothing in the repeal of subsection (2) of section 29 of the 1981 Act shall affect the continued operation of that subsection but on and after the vesting day the subsection shall apply as if any reference to a trustee savings bank or to the trustees or officers of such a bank were or included (as the case requires) a reference to the successor bank.”)
Marginal Citations
Textual Amendments
F30Ss. 30–50 repealed by virtue of Trustee Savings Banks Act 1985 (c. 58, SIF 110), s. 4(3)(4)(5) and S.I. 1986/1223, arts. 2(a), 10, 12, Sch. 1
Textual Amendments
Textual Amendments
F32S. 52 repealed by virtue of Trustee Savings Banks Act 1985 (c. 58, SIF 110), s. 4(3)(4)(5) and S.I. 1986/1223, arts. 2(a), 12, Sch. 1
Textual Amendments
Textual Amendments
F34S. 54 repealed by virtue of Trustee Savings Banks Act 1985 (c. 58, SIF 110), s. 4(3)(4)(5) and S.I. 1990/1982, art. 2, Sch.
(1). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F35
(2). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F36
(3). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F35
(4). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F36
Textual Amendments
F35S. 55(1)(3) repealed by virtue of Trustee Savings Banks Act 1985 (c. 58, SIF 110), s. 4(3)(4)(5) and S.I. 1986/1223, art. 2(a), Sch. 1
F36S. 55(2)(4) repealed by virtue of Trustee Savings Banks Act 1985 (c. 58, SIF 110), s. 4(3)(4)(5) and S.I. 1990/1982, art. 2, Sch.
Textual Amendments
F37S. 56 repealed by virtue of Trustee Savings Banks Act 1985 (c. 58, SIF 110), s. 4(3)(4)(5) and S.I. 1990/1982, art. 2, Sch.
Textual Amendments
F38S. 57 repealed by virtue of Trustee Savings Banks Act 1985 (c. 58, SIF 110), s. 4(3)(4)(5) and S.I. 1990/1982, art. 2, Sch.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Textual Amendments
F39Sch. 1 repealed by virtue of Trustee Savings Banks Act 1985 (c. 58, SIF 110), s. 4(3)(4)(5) and S.I. 1986/1223, arts. 2(a), 12, Sch. 1
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Textual Amendments
F40Sch. 2 repealed by virtue of Trustee Savings Banks Act 1985 (c. 58, SIF 110), s. 4(3)(4)(5), S.I. 1986/1223, arts. 2(a), 11, 12, Sch. 1 and S.I. 1990/1982, art. 2, Sch.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Textual Amendments
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Textual Amendments
F42Sch. 4 repealed by virtue of Trustee Savings Banks Act 1985 (c. 58, SIF 110), s. 4(3)(4)(5) and S.I. 1986/1223, arts. 2(a), 12, Sch. 1
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Textual Amendments
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Textual Amendments
F44Sch. 6 repealed by virtue of Trustee Savings Banks Act 1985 (c. 58, SIF 110), s. 4(3)(4)(5) and S.I. 1986/1223, art. 2(a), Sch. 1 (and also expressed to be repealed by Insolvency Act 1985 (c. 65, SIF 66), Sch. 10 Pt. III)
1—4.U.K.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F45
Textual Amendments
F45Sch. 7 paras. 1–4 repealed by virtue of Trustee Savings Banks Act 1985 (c. 58, SIF 110), s. 4(3)(4)(5) and S.I. 1990/1982, art. 2, Sch.
5—8.U.K.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F46
Textual Amendments
F46Sch. 7 paras. 5–8, 9(1)repealed (with saving) by virtue of Trustee Savings Banks Act 1985 (c. 58, SIF 110), s. 4(3)(4)(5) and S.I. 1986/1223, arts. 2(a), 12, Sch. 1
9(1). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F47U.K.
(2). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F48
Textual Amendments
F47Sch. 7 paras. 5–8, 9(1)repealed (with saving) by virtue of Trustee Savings Banks Act 1985 (c. 58, SIF 110), s. 4(3)(4)(5) and S.I. 1986/1223, arts. 2(a), 12, Sch. 1
10U.K.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F49
Textual Amendments
F49Sch. 7 para. 10 repealed by virtue of Trustee Savings Banks Act 1985 (c. 58, SIF 110), s. 4(3)(4) and S.I. 1986/1220, art. 2(a), Sch. 1
11U.K.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F50
Textual Amendments
F50Sch. 7 para. 11 repealed (with saving) by virtue of Trustee Savings Banks Act 1985 (c. 58, SIF 110), s. 4(3)(4)(5) and S.I. 1986/1223, arts. 2(a), 12, Sch. 1
12U.K.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F51
Textual Amendments
F51Sch. 7 para. 12 repealed (with saving) by virtue of Trustee Savings Banks Act 1985 (c. 58, SIF 110), s. 4(3)(4)(5) and S.I. 1986/1220, art. 2(a) Sch. 1, 1986/1223 arts. 2(a), 12, Sch. 1
13—15.U.K.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F52
Textual Amendments
F52Sch. 7 paras. 13–15 repealed (with saving) by virtue of Trustee Savings Banks Act 1985 (c. 58, SIF 110), s. 4(3)(4)(5) and S.I. 1986/1223, arts. 2(a), 12, Sch. 1
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Textual Amendments
F53Sch. 8 repealed by virtue of Trustee Savings Banks Act 1985 (c. 58, SIF 110), s. 4(3)(4)(5) and S.I. 1986/1223, arts. 2(a), 12, Sch. 1
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