AI-assisted research summary: If a Government stock holder dies, probate or letters of administration are enough authority for named officials and savings bank authorities to transfer the stock to the person entitled or as that person directs.
Finance (No. 2) Act 1915 An Act to grant certain duties of Customs and Inland Revenue (including Excise), to alter other duties, and to amend the law relating to Customs and Inland Revenue (including Excise) and the National Debt, and to make further provision in connexion with Finance. Where the holder of any Government stock dies, the production of probate, confirmation, or letters of administration granted by any court in the United Kingdom having authority to grant the same shall be sufficient authority to the Registrar of Government Stock, to the National Debt Commissioners, to the Director of Savings, to the Operator of any relevant system and to any savings bank authority to transfer the stock to the person to whom the probate, confirmation, or letters of administration were granted, or as directed by that person ; and in this section “Operator” and “relevant system” have the same meanings as they have in the Uncertificated Securities Regulations 2001. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . This Act may be cited as the Finance (No. 2) Act 1915. Preamble omitted under authority of Statute Law Revision Act 1927 (c. 42) Act partly in force at Royal Assent, partly retrospective; all provisions so far as unrepealed wholly in force at 1.2.1991. S. 1 repealed by Statute Law Revision Act 1927 (c. 42) Ss. 2—6 repealed by Finance Act 1916 (c. 24), Sch. 2 S. 7 repealed by Customs and Excise Act 1952 (c. 44), Sch. 12 Pt. I Ss. 8, 9 repealed by Statute Law Revision Act 1927 (c. 42) S. 10 repealed by Finance Act 1920 (c. 18), Sch. 4 S.11 repealed by Pharmacy and Medicines Act 1941 (c. 42), Sch. S. 12 repealed by Customs and Excise Act 1952 (c. 44), Sch. 12 Pt. I S. 13 repealed by Finance Act 1924 (c. 21), Sch. 3 and Statute Law Revision Act 1950 (c. 6) S. 14 repealed by Finance Act 1920 (c. 18), Sch. 4 Ss. 15, 16 repealed by Customs and Excise Act 1952 (c. 44), Sch. 12 Pt. I Ss. 17, 18 repealed by Statute Law Revision Act 1927 (c. 42) S. 19 repealed by Customs and Excise Act 1952 (c. 44), Sch. 12 Pt. I S. 20 repealed by Statute Law Revision Act 1927 (c. 42) S. 21 repealed by Income Tax Act 1918 (c. 40), Sch. 7 and Finance Act 1920 (c. 18), Sch. 4 Ss. 22–37 repealed by Income Tax Act 1918 (c. 40), Sch. 7 Ss. 38–44 repealed by Statute Law Revision Act 1964 (c. 79) S. 45 repealed by Statute Law Revision Act 1964 (c. 79) and Statute Law (Repeals) Act 1974 (c. 22), Sch. Pt. II S. 46 repealed by Finance Act 1949 (c. 47), Sch. 11 Pt. IV S. 47 repealed by Statute Law Revision Act 1927 (c. 42) S. 48 amended by Finance Act 1916 (c. 24), s. 67 Words substituted by Post Office Act 1969 (c. 48), s. 108(1)(a) Words in s. 48 inserted (26.11.2001) by S.I. 2001/3755, reg. 51, Sch. 7 Pt. I para. 3(a) (with regs. 39, 45) Words in s. 48 inserted (26.11.2001) by S.I. 2001/3755, reg. 51, Sch. 7 Pt. I para. 3(b) (with regs. 39, 45) S.48 the definition of “Government stock” repealed by Statute Law (Repeals) Act 1986 (c.12), s. 1(1), Sch. 1 Pt. III S. 49 repealed by Finance Act 1920 (c. 18), Sch. 4 S. 50 repealed by Statute Law Revision Act 1963 (c. 30) Unreliable marginal note S. 51(1) repealed by Finance Act 1969 (c. 32), Sch. 21 Pt. X S. 51(2) repealed by Statute Law Revision Act 1927 (c. 42) Sch. 1 repealed by Statute Law Revision Act 1927 (c. 42) and Finance Act 1928 (c. 17), Sch. 5 Schs. 2, 3, repealed by Statute Law Revision Act 1927 (c. 42) Sch. 4 repealed by Statute Law Revision Act 1964 (c. 79) Sch. 5 repealed by Statute Law Revision Act 1927 (c. 42) Words in s. 48 substituted (1.7.2004) by Government Stock (Consequential and Transitional Provision) (No.2) Order 2004 (S.I. 2004/1662), art. 1, Sch. para. 8 (with art. 3)