{
  "url": "https://openlegislation.uk/national-savings-bank-regulations-1972/regulation-49",
  "json_url": "https://openlegislation.uk/national-savings-bank-regulations-1972/regulation-49.json",
  "legislation": "uksi/1972/764",
  "legislation_title": "The National Savings Bank Regulations 1972",
  "legislation_url": "https://openlegislation.uk/national-savings-bank-regulations-1972",
  "path": "regulation/49",
  "kind": "regulation",
  "number": "49",
  "heading": "Powers of attorney",
  "text": "(1) Where, in pursuance of a power of attorney, the done of the power makes, or joins in making, an application for the transfer or withdrawal of any deposits standing in the name of the donor of the power, or in the donor's name jointly with that of any other person, the Director of Savings may act on the power of attorney and give effect to the application notwithstanding that it appears from the power of attorney or from any evidence required for the purposes of the power of attorney or from the description of the donor as a trustee pursuant to Regulation 5(2) above or otherwise that the deposits are held on a trust; and in making any transfer or payment in pursuance of any such application the Director of Savings shall not be affected with any notice of the trust.\n(2) The fact that in making application for the transfer or withdrawal of any deposits the done of a power of attorney purports to be acting in the exercise of the power shall, in favour of the Director of Savings, be conclusive evidence that the dealing is authorised by the power, unless the Director of Savings has at the time of the dealing notice that it is not so authorised.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [
    {
      "type": "words omitted",
      "affecting": "uksi/2011/2288",
      "affecting_title": "The National Savings Bank (Amendment) (No. 2) Regulations 2011"
    }
  ],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1972/764/regulation/49",
    "retrieved_at": "2026-10-29T22:31:14.136555+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}