Regulation 11 Power to make nominations

Subject to the provisions of these Regulations, a depositor, being a person who has attained the age of 16 years, may nominate any person to receive any sum not exceeding £500 due to the depositor at his death otherwise than in respect of current account deposits, but a nominator may not have more than one nomination in force at any time.

Every nomination shall be in writing, and may be in a form which may be provided by the trustees; it shall be signed by the nominator in the presence of a witness, and the signature of the nominator shall be attested by the witness.

A nomination shall be of no effect unless it is sent to the trustees during the lifetime of the nominator.

The receipt of a nomination shall be acknowledged by the trustees.

The trustees may in their absolute discretion refuse to accept a nomination received by them, and, upon a notification of the refusal of the trustees to accept a nomination being sent to the nominator, the nomination shall be of no effect.

Every nomination accepted by the trustees shall be registered by them in a book to be kept for the purpose.

A nomination may relate to the whole of the deposits (other than current account deposits) standing in the name of a nominator, or to part only of such deposits.

A nomination shall, subject to the provisions of these Regulations, be deemed to extend to all sums to which a nominator is entitled at the time of his death in respect of government stock or a savings bank annuity, unless the nominator in the nomination expressly excludes any of such sums from the operation of the nomination.

A nomination may be in favour of one person or of several persons, and, in the latter case, may direct that specific sums shall be paid to one or more of the persons named in the nomination, or that the persons named in such nomination may take the property nominated in specified shares, or may give directions to both effects.

A person who witnesses the signature of a nominator to a nomination shall not take any benefit under the nomination.