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Statutory Instrument

The Service Charge Contributions (Authorised Investments) Order 1988

Citation
S.I. 1988/1284
As at
Sections
2
Section 1

This Order may be cited as the Service Charge Contributions (Authorised Investments) Order 1987 and shall come into force on 1st April 1989.

Section 2

Any sums standing to the credit of any trust fund to which section 42 of the Landlord and Tenant Act 1987 applies may be —

(a) deposited at interest with the Bank of England; or

(b) deposited in the United Kingdom at interest with a person carrying on in the United Kingdom a deposit-taking business within the meaning of the Banking Act 1987 ; or

(c) deposited at interest with, or invested in shares in, a building society within the meaning of the Building Societies Act 1986 .

2 sections

Cite this legislation

The Service Charge Contributions (Authorised Investments) Order 1988 (legislation.gov.uk, OGL v3.0). Retrieved via LawPlayer, https://lawplayer.com/uk/act/uksi-1988-1284

Contains public sector information licensed under the Open Government Licence v3.0.

OGL-3

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