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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 1 February 1990 - onwards
Version 2 of 2

Second Schedule Matters to be provided for by the Rules of a Trustee Savings Bank

Section 16.

1. The name of the trustee savings bank.

2. The manner of appointment and removal of trustees of the bank.

3. The appointment of at least 2 persons (in this Schedule referred to as "managers") who shall conduct, manage and direct generally the business of the bank and the manner of their appointment and removal.

4. The manner of appointment and removal of the members of any committee or other body established for the purposes of the supervision, management or direction generally of the business of the bank.

5. The powers, functions and duties of the trustees and managers and any committee or other body of the bank referred to in paragraph 4.

6. The manner in which moneys received by a trustee on account of or for the use of the bank are to be disposed of.

7. That a notice approved of by the Central Bank specifying the services provided by the bank shall be displayed at each office of the bank open to the public for the transaction of the business of the bank in a position where it can be read by all the members of the public entering the office.

8. That a trustee shall not derive any benefit from the bank other than any honoraria paid pursuant to section 20.

9. The calling and holding of meetings of trustees and the procedure to be followed at such meetings.