Savings Banks Act, 1891

Description of trustee savings banks.

26 & 27 Vict. c. 87.

1.(1) A trustee savings bank may not be designated or described in any manner which imports that the Government is responsible or liable to depositors for money placed in the safe keeping of the bank, and may not bear any title other than that of “savings bank certified under the Act of 1863,” with such additional local description, if any, as may be required for the sake of distinctiveness.

(2) If default is made in compliance with the requirements of this section in the case of any trustee savings bank, the provisions of section fifty-five of the Trustee Savings Banks Act, 1863, shall apply as in the case of neglect or refusal to obey any orders or directions given by the National Debt Commissioners.