OpenLegislation

Regulation 9 Payment in case of persons under 16 years of age

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

(1)

Where a bond is held by a person under the age of sixteen years, no payment shall be made to him in respect of the bond.

(2)

Any payment of the sum repayable, or any other sum payable, in respect of a bond held by a person under the age of sixteen years shall be made to, and on the application of, either the person who purchased the bond on his behalf or any other person who satisfies the Director of Savings that he is a proper person to receive payment, as the Director of Savings may think fit.