s 13 Bank accounts and application of funds
13.—(1) The Board may deposit all moneys belonging to the Association in such account or accounts which it may open with —(a) any bank or banks licensed under the Banking Act 1970; or (b) any finance company or companies licensed under the Finance Companies Act 1967. (2) The account or accounts in which the moneys belonging to the Association are to be deposited may be opened in the name of —(a) the Association; or (b) the management committee or any other approved constituent committee of any community centre, club, institute or other body managed or run by the Board. (3) Each bank account must be operated by such person authorised to do so by the Board. (4) The Board may invest the funds of the Association in accordance with the standard investment power of statutory bodies as defined in section 33A of the Interpretation Act 1965.