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Regulation 10 Society or institution ceasing to act

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

A society or institution shall give notice to the Board and to the account-holder of its intention to cease to operate an account within a reasonable time before it so ceases so that its obligations in relation to the account (including the transfer of the account to another society or institution) can be conveniently discharged at or about the time it ceases to act.