Finance Act, 1916

Transfer of stock on authority of order of a court.

52 & 53 Vict. c. 39.

56 & 57 Vict. c. 69.

66. Any order or decree of any court in the United Kingdom whereby the right to transfer or call for a transfer of any Government stock or to receive any dividends thereon is expressed to be vested in any person shall be sufficient authority to the Banks of England and Ireland, to the National Debt Commissioners, to the Postmaster-General, and to any savings bank authority to allow the transfer of the stock or to pay the dividends in accordance with the order or decree.

An official extract of any such appointment as in mentioned in section thirteen of the Judicial Factors (Scotland) Act, 1889, shall, where any Government stock is specified in such official extract or in a certificate under seal by the accountant of court produced along with such extract as belonging to or forming part of the estate under the charge of the person named in the extract, be deemed for the purposes of this section to be a decree whereby the right to transfer such Government stock is vested in the person so named.

In this section the expression “Government stock” has the same meaning as in the Savings Act, 1893, as amended by any subsequent enactment.