SCHEDULES
SCHEDULE 8 Amendment of Enactments
Part II Miscellaneous
The Judicial Factors Act 1849 (c. 51)
21
1
In section 5 (factor to lodge monies in one of the banks of Scotland) of the Judicial Factors Act 1849—
a
in subsection (1), for the words “banks in Scotland established by Act of Parliament or royal charter” there shall be substituted the words—
following institutions, that is to say—
a
an institution authorised under the Banking Act 1987;
b
the National Savings Bank; or
c
a building society incorporated (or deemed to be incorporated) under the Building Societies Act 1986,
F1b
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2
In section 33 (power of accountant to require information) of that Act, for the word “bank”—
a
in the first place where it occurs, there shall be substituted the words “
institution such as is mentioned in paragraphs (a) to (c) of section 5(1) of this Act
”
; and
b
in the second and third places where it occurs, there shall be inserted the word “
institution
”
.
3
In section 34 (discharge of factors, tutors and curators) of that Act, at the beginning there shall be inserted the words “
Subject to section 34A of this Act,
”
.
4
In section 37 (accumulation of principal and interest on accounts and deposits) of that Act—
a
for the words “bank in Scotland” there shall be substituted the words “
institution such as is mentioned in paragraphs (a) to (c) of section 5(1) of this Act
”
; and
b
for the words “any bank” there shall be substituted the words “
any such institution
”
.