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Section 67 Indemnity on transfer of Government stock.

United Kingdom

Where any Government stock is transferred by virtue of section forty-eight of the M1Finance (No. 2) Act 1915, on the authority of any probate, confirmation, or letters of administration, or by virtue of this Act on the authority of any order or decree of any court, the Bank of England F1, the Registrar of Government Stock, any previous Registrar of Government StockF2. . ., the National Debt Commissioners, the F3Director of Savings, F4the Operator of any relevant systemor the savings bank authority, as the case may be, shall be indemnified and protected, notwithstanding any defect or circumstance whatsoever affecting the validity of such probate, confirmation, or letters of administration, or of such order or decree F5and in this section “Operator” and “relevant system” have the same meanings as they have in the Uncertificated Securities Regulations 2001.

Annotations

Textual amendments

F1

Words in s. 67 inserted (1.7.2004) by The Government Stock (Consequential and Transitional Provision) (No. 2) Order 2004 (S.I. 2004/1662), art. 1, Sch. para. 1Sch. para. 9(4) (with art. 3)

F2

Words in s. 67 repealed (28.10.2002) by S.I. 2002/2521, arts. 1(2), 10(2), Sch. 2 Pt. I

F3

Words substituted by Post Office Act 1969 (c. 48), s. 108(1)(b)

F4

Words in s. 67 inserted (26.11.2001) by S.I. 2001/3755, reg. 51, Sch. 7 Pt. I para. 4(a) (with regs. 39, 45)

F5

Words in s. 67 added (26.11.2001) by S.I. 2001/3755, reg. 51, Sch. 7 Pt. I para. 4(b) (with regs. 39, 45)

Marginal citations

M1

1915 c. 89.