Act Repealed Latest version as at 13 November 1982 (as enacted) | 1982 No 44

Trustee Savings Banks Amendment Act 1982

Checking for related legislation...

Checking for alerts... Loading...

Payment of deposits to nominated beneficiaries

Trustee Savings Banks Amendment Act 1982

Public Act		1982 No 44
Date of assent		13 November 1982

	Title
1	Short Title and commencement
2	Payment of deposits to nominated beneficiaries
	Administrative information

An Act to amend the Trustee Savings Banks Act 1948 relating to nominations of accounts

BE IT ENACTED by the General Assembly of New Zealand in Parliament assembled, and by the authority of the same, as follows:

1 Short Title and commencement

(1)

This Act may be cited as the Trustee Savings Banks Amendment Act 1982, and shall be read together with and deemed part of the Trustee Savings Banks Act 1948 (hereinafter referred to as the principal Act).

(2)

This Act shall come into force on the 28th day after the date on which it receives the Governor-General’s assent.

2 Payment of deposits to nominated beneficiaries

(1)

Section 19a of the principal Act (as inserted by section 2 of the Trustee Savings Banks Amendment Act 1961) is hereby amended by inserting in subsection (1), after the words “any amount”, the words “, not exceeding $6,000,”.

(2)

Section 19a of the principal Act (as so inserted) is hereby further amended by repealing subsection (3), and substituting the following subsection:

“(3)

Every such nomination shall be in writing, signed by the depositor in the presence of a Justice of the Peace, a solicitor of the High Court, or any other person authorised to take statutory declarations.”

(3)

Section 19a of the principal Act (as so inserted) is hereby further amended by inserting in subsection (4), before the words “The making,”, the words “Subject to subsection (3) of this section and to Part Ia of the Administration Act 1969,”.

This Act is administered in the Reserve Bank of New Zealand.

Trustee Savings Banks Amendment Act 1982