# The Exchange of Securities (General) Rules 1979, Article 7: Persons by whom acceptances may be made in special cases


(1) In the cases specified in the first column of the following table, being cases in which the holder is the sole holder or the last surviving holder on a joint account, an acceptance may be made by the persons respectively specified in the second column of that table:—
Case
Person by whom acceptance may be made
1. Where the holder is an infant who is not domiciled in Scotland, and the holding is not registered in the National Savings Stock Register.
1. The holder's parent or other guardian.
2. Where the holder is a pupil domiciled in Scotland, and the holding is not registered in the National Savings Stock Register.
2. The holder's tutor.
3. Where the holder is a minor domiciled in Scotland, and the holding is not registered in the National Savings Stock Register.
3. In the case of a minor who has a curator, the holder and his curator, and in the case of a minor who has no curator, the holder alone.
4. Where the holder is an infant who has not attained the age of seven years, and the holding is registered in the National Savings Stock Register.
4. The holder's parent or other guardian.
5. Where the holder is an infant who has attained the age of seven years, and the holding is registered in the National Savings Stock Register.
5. The holder.
6. Where the holder is a person suffering from mental disorder.
6. The holder's receiver.
7. Where the holder is under
any disability other than those specified in the cases aforesaid.
7. Any person entitled in law to administer the holder's property.
(2) Where a holder is under any of the disabilities mentioned in the first column of the last foregoing table, and the holding is held jointly by him and one or more other holders, acceptance may (without prejudice to the provisions of the next following Rule in a case in which that Rule applies) be made by the other holder or holders together with any person who, under the foregoing provisions of this Rule, would have been entitled to make the acceptance if the first-mentioned holder had been the sole holder or the last surviving holder on a joint account.
(3) Where securities are registered in the name of a deceased person who was the sole holder or the last surviving holder on a joint account, an acceptance may be made by his personal representative or representatives, or, if there are more than two personal representatives, a majority of them.
(4) Where under the provisions of this Rule an acceptance may be made by the holder's tutor, or by the holder and his curator, and the holder has three or more tutors or curators, as the case may be, the provisions of this Rule shall have effect as if for any reference therein to a tutor or curators, being a quorum entitled to act by virtue of an Act of Parliament a deed or an order of the Court.
(5) For the purposes of this Rule a holder who is an infant shall be deemed not to be domiciled in Scotland unless there has been furnished to the Bank, a statutory declaration in such form as the Bank may require that the holder is a pupil or a minor and is domiciled in Scotland.

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Source: https://www.legislation.gov.uk/uksi/1979/1678/article/7 (the official version)
Page: https://openlegislation.uk/exchange-of-securities-general-rules-1979/article-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.