Regulation 6 Disability of depositor in trust account

Where one of the persons named in a trust account to which section 30 of the Trustee Savings Banks Act 1969 applies has become a mentally disordered person or has become bankrupt, the trustees may in their discretion pay the deposits to the other person named in such account, with or without the concurrence of the receiver or Official Receiver or trustee in bankruptcy (if any) of the person who has become a mentally disordered person or bankrupt, and the receipt of such other person shall be a good discharge to the trustees for the sum so paid.