Regulation 10 Accounts of persons who lack capacityI1

A deposit may be made on behalf and in the name of a person who lacks capacity by that person’s deputy.

The declaration in the approved form must be made by the deputy who must specify the capacity in which the deputy acts.

An application to withdraw or transfer deposits held in the name of a person who lacks capacity must be made by that person’s deputy.

Where a depositor is a person who lacks capacity and there is no deputy by whom an application to withdraw or transfer deposits might be made, the Director of Savings may, upon it being shown that it is expedient to do so, pay the deposits to a person the Director of Savings is satisfied is a proper person to receive payment.