{
  "url": "https://openlegislation.uk/national-savings-no-2-regulations-2015/regulation-34",
  "json_url": "https://openlegislation.uk/national-savings-no-2-regulations-2015/regulation-34.json",
  "legislation": "uksi/2015/624",
  "legislation_title": "The National Savings (No. 2) Regulations 2015",
  "legislation_url": "https://openlegislation.uk/national-savings-no-2-regulations-2015",
  "path": "regulation/34",
  "kind": "regulation",
  "number": "34",
  "heading": "Power of joint holders to act without unanimity",
  "text": "(1) Subject to paragraph (3), in relation to stock registered in the names of three or more holders, where an application is made by them in relation to that stock—\n(a) all things required to be done; or\n(b) any authority required for the payment of dividends,\nmay be done and given by a majority of the persons who are holders at the date when the application is made, or by a majority of the survivors.\n(2) Subject to paragraph (4), in relation to new stock registered in the names of two or more persons who hold it otherwise than as trustees, all those persons, or the survivors, may make an application authorising one of them to—\n(a) do things required to be done; or\n(b) give authority for the payment of dividends.\n(3) The power of joint holders of stock to act by majority under paragraph (1) does not extend to making an application under paragraph (2).\n(4) The power of a holder of new stock to act on behalf of other joint holders under paragraph (2) does not extend to making an application under paragraph (1).\n(5) An application under this regulation must be made in the approved form.\n(6) A person registered as a holder of stock in relation to which an application has been made under this Regulation may revoke that application by giving notice to the Director of Savings in the approved form, which shall take effect on receipt of the notice.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "Reg. 34 in force at 6.4.2015, see reg. 1(1)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2015/624/regulation/34",
    "retrieved_at": "2026-10-28T23:43:25.941611+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."
}