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  1. Trustee Savings Banks Act, 1989 (No. 21)
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Version status: In force | Document consolidation status: Updated to reflect all known changes
Published date: 23 December 1989

Trustee Savings Banks Act, 1989 (No. 21)

Consolidation Status: Updated to reflect all known changes
Comparing proposed amendment...
Introductory Text
Acts Referred to
Part I Preliminary and General (ss. 1-8)
In force
 1. Short title.
In force
 2. Commencement.
In force
 3. Interpretation.
In force
 4. Regulations and directions.
In force
 5. Regulations to remove difficulties.
In force
 6. Modification of Act to conform with changes in company, banking and building society law.
In force
 7. Repeals and savings.
In force
 8. Expenses.
Part II Establishment and Licensing of Trustee Savings Banks (ss. 9-16)
In force
 9. "Trustee savings bank".
Repealed
 10. Licences.
In force
 11. Prohibition on carrying on of business of a trustee savings bank without a licence.
In force
 12. Conditions of licences.
In force
 13. Revocation of licences.
In force
 14. Name of trustee savings bank.
In force
 15. Lending and borrowing by trustee savings bank.
In force
 16. Rules of trustee savings bank.
Part III Trustees of Trustee Savings Banks (ss. 17-23)
In force
 17. Number of trustees of trustee savings bank.
In force
 18. Age limit for trustees of trustee savings bank.
In force
 19. Disqualification for being a trustee of a trustee savings bank.
In force
 20. Payment of honoraria to trustees of trustee savings bank.
In force
 21. Disclosure of interest by trustees of trustee savings bank.
In force
 22. Liability of trustees of trustee savings bank.
In force
 23. Provisions in relation to property of trustee savings banks and legal proceedings.
Part IV Supervision of Trustee Savings Banks (ss. 24-34)
In force
 24. Trustee savings banks to keep certain records.
Repealed
 24A. Powers of authorised persons with respect to trustee savings banks.
In force
 25. Furnishing of information to Central Bank.
In force
 26. Directions by Central Bank in relation to suspension of certain activities of trustee savings bank.
In force
 27. Directions by Central Bank in relation to advertisements.
In force
 28. Statement of management expenses.
In force
 29. Publication of business statements by trustee savings bank.
In force
 30. Display of financial statements by trustee savings bank.
In force
 31. Regulation of ratios between assets and liabilities of trustee savings bank.
In force
 32. Investment of funds of trustee savings bank.
In force
 33. Annual statement of liabilities of Minister to trustee savings banks.
In force
 34. Power of Court to prohibit certain contraventions of Act, etc.
Part V Management and Administration of Trustee Savings Banks (ss. 35-45)
In force
 35. Annual accounts of trustee savings bank.
In force
 36. Appointment, qualification and removal of auditor of trustee savings bank.
In force
 37. Report of auditor of trustee savings bank and right of access to its books.
In force
 38. Duties of auditor of trustee savings bank.
In force
 39. Performance of functions and provision of services of trustee savings bank by subsidiaries and other companies.
In force
 40. Retention by trustee savings bank of records, receipts and similar documents.
In force
 41. Payments by trustee savings bank to persons not of full age.
In force
 42. Closing and dissolution of trustee savings bank.
In force
 43. Restriction of certain exemptions from liability for officers of trustee savings bank.
In force
 44. Power of court to relieve liability of officers of trustee savings bank in certain cases.
In force
 45. Superannuation of staff of trustee savings bank.
Part VI Amalgamation of Trustee Savings Banks (ss. 46-56)
In force
 46. Interpretation.
In force
 47. Power of trustee savings banks to amalgamate.
In force
 48. Approval of Minister and Central Bank of amalgamation of trustee savings banks.
In force
 49. Transfer of accounts.
In force
 50. Transfer of securities.
In force
 51. Rights and obligations in relation to transferred securities.
In force
 52. Transfer in the case of property held on bailment.
In force
 53. Transfer of officers and other employees.
In force
 54. Application of certain instruments.
In force
 55. Application of Bankers' Books Evidence Acts, 1879 and 1959.
In force
 56. Continuance of pending legal proceedings.
Part VII Miscellaneous (ss. 57-66)
In force
 57. Authorisation by Minister for Finance of reorganisation of trustee savings banks into companies.
In force
 58. Restriction on certain statements.
In force
 59. Amendment of Bankers' Books Evidence Act, 1879.
In force
 60. Payment by trustee savings bank of small deposits on death.
In force
 61. Recognition of trustee savings bank accounts.
In force
 62. Penalties.
In force
 63. Offences by trustee savings banks and bodies corporate.
In force
 64. Exemption from stamp duty.
In force
 65. Bonds and sureties.
In force
 66. Provisions in relation to offences.
In force
 First Schedule Enactments Repealed
In force
 Second Schedule Matters to be provided for by the Rules of a Trustee Savings Bank
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