Section 19 Provisions as to investment by registered societies and certain other bodies.
United Kingdom
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It is hereby declared that nothing in section forty-four of the Act of 1896 (which enacts that the trustees of a registered society may invest its funds to any amount in the ways therein mentioned, including investment in the Post Office Savings Bank or in any savings bank certified under the Trustee Savings Banks Act 1863), . . . F2 is to be construed as imposing any obligation on any savings bank authority as respects their or his receiving any such funds, money or capital.
In this subsection the expression “savings bank authority” has the meaning assigned to it by subsection (3) of section ten of the M1Savings Banks Act 1920.
This section shall extend to Northern Ireland.
Annotations
Textual amendments
- F1
Ss. 10(4), 11(4), 12(1)(4), 17(2), 19(1)—(4), 21, 22, 25(5), Sch. 6 repealed by Companies Act 1967 (c. 81), Sch. 7
- F2
Words (N.I.) in part repealed by Post Office Savings Bank Act 1954 (c. 62), Sch. and Trustee Savings Banks Act 1954 (c. 63), Sch. 3 and in part spent
Marginal citations
- M1
Modifications
- C1
The “Act of 1896” means Friendly Societies Act 1896 (c. 25)
Editorial notes
- X1
S. 19(5)(6) repealed (E.W.) (S.) by Friendly Societies Act 1974 (c. 46), Sch. 11
Notes on the whole Act
Textual amendments
- F1
Act repealed (1.12.2001) by 2000 c. 8, ss. 416(1)(b), 432(3), Sch. 22; S.I 2001/3538, art. 2(1) (with savings in S.I. 2001/3647, arts. 3(2)(3), 6, Sch. 1 Pts. II, III)