(1) "Account" means an account that has at all times consisted only of money.
(2) A reference in this Part to an account held with a bank or building society is to an account provided by the bank or building society as part of its activity of accepting deposits.
(3) In relation to a building society, "account" includes an account representing shares in the society, other than -
(a) preferential shares, or
(b) deferred shares within the meaning given in section 119(1) of the Building Societies Act 1986 (c. 53).