SCHEDULES

SCHEDULE 8 Amendment of Enactments

Part II Miscellaneous

The Judicial Factors Act 1849 (c. 51)

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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 ”.