# The National Savings Regulations 2015, Regulation 16: Accounts of building societies, industrial and provident societies and corporations

Extent: E+W+S+N.I.

(1) This regulation applies only in relation to an account opened before 1st January 1990.
(2) A deposit may be made in the name of—
(a) a building society within the meaning of the Building Societies Act 1986 (or under enactments repealed by that Act);
(b) in the name of a society registered under the Industrial and Provident Society Act 1965, the Industrial and Provident Societies Act (Northern Ireland) 1969 or the Co-operative and Community Benefit Societies and Credit Unions Act 2010; or
(c) subject to the approval of the Director of Savings, in the name of any other body corporate or in the name of a corporation sole.
(3) In the case of a corporation sole, a declaration in the approved form must be made by the person constituting the corporation.
(4) An application to withdraw or transfer deposits must be made—
(a) in the case of a society or other body corporate—
(i) under its seal;
(ii) by the secretary or treasurer; or
(iii) by two of the directors;
(b) in the case of a corporation sole, by the person constituting the corporation.

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Source: https://www.legislation.gov.uk/uksi/2015/623/regulation/16 (the official version)
Page: https://openlegislation.uk/national-savings-regulations-2015/regulation-16
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.