# The Banking Act 1987 (Meaning of Deposit) Order 1991, Article 2: Amendment of meaning of “deposit”


(1) For the purposes of sections 60, 61 and 62 of the Banking Act 1987 the definition of deposit in section 5 of that Act shall be treated as excluding any sum to which a person becomes entitled (otherwise than by operation of law), or comes to be treated as entitled for the purposes of sections 58 and 60 of that Act, after a petition is presented for the winding up of the institution, or, in the case of an institution in respect of which such a petition has been presented before the date on which this Order comes into force, 30th July 1991.
(2) Paragraph (1) above does not apply in respect of a payment falling to be made under section 58(2) of the Banking Act 1987.

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Source: https://www.legislation.gov.uk/uksi/1991/1776/article/2 (the official version)
Page: https://openlegislation.uk/banking-act-1987-meaning-of-deposit-order-1991/article-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.