Regulation 7 Mentally disordered persons

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

reg. 7 Title words substituted by Mental Capacity Act 2005 (Transitional and Consequential Provisions) 2007 Sch. 1 para. 4(3)(a)
reg. 7(1) words substituted by Mental Capacity Act 2005 (Transitional and Consequential Provisions) 2007 Sch. 1 para. 4(3)(b)
reg. 7(2) words substituted by Mental Capacity Act 2005 (Transitional and Consequential Provisions) 2007 Sch. 1 para. 4(3)(c)(i)
reg. 7(2) word substituted by Mental Capacity Act 2005 (Transitional and Consequential Provisions) 2007 Sch. 1 para. 4(3)(c)(ii)
reg. 7(3) words substituted by Mental Capacity Act 2005 (Transitional and Consequential Provisions) 2007 Sch. 1 para. 4(3)(c)(i)
reg. 7(3) word substituted by Mental Capacity Act 2005 (Transitional and Consequential Provisions) 2007 Sch. 1 para. 4(3)(c)(ii)
reg. 7(4) words substituted by Mental Capacity Act 2005 (Transitional and Consequential Provisions) 2007 Sch. 1 para. 4(3)(c)(i)
reg. 7(4) word substituted by Mental Capacity Act 2005 (Transitional and Consequential Provisions) 2007 Sch. 1 para. 4(3)(c)(ii)

(1)

Deposits may be made on behalf and in the name of a mentally disordered person by his receiver.

(2)

On the opening of an account in the name of a mentally disordered person, a declaration in the approved form shall be made by his receiver, who shall specify the capacity in which he acts.

(3)

Any application for the withdrawal of deposits standing in the name of a mentally disordered person, or any part thereof, shall be made by his receiver.

(4)

Where a depositor is a mentally disordered person and there is no receiver by whom application for withdrawal of deposits standing in the depositor's name might be made, the Director of Savings may, if it is proved to his satisfaction that it is just and expedient so to do, pay the deposits, or any part thereof, to any person whom he shall judge proper to receive the same.