- (1) A power of attorney given under this Act may be deposited at the Cenral Office of the Supreme Court or proper office of the Supreme Court of Judicature in Ireland under Section forty-eight of the Conveyancing Act, 1881, without any further verification of its execution; and notwithstanding anything in any Act or rules, the Bank of England, the Bank of Ireland, the Paymaster-General, the Accountant-General of the Supreme Court of Judicature in Ireland, and any other person, shall not refuse to act on the authority of any such power of attorney, although the power is not attested by two
1479 witnesses, or fails in any other respect to comply with any formality required by law or practice. - (2) The donee of a power of attorney given under this Act may, for the purpose of the transfer of any inscribed stock, himself delegate to an attorney the power to transfer.
- (3) The fact that it appears from any power of attorney given under this Act, or from any evidence required for the purposes of any such power of attorney, or otherwise, that in dealing with any stock the donee of the power is acting in the execution of a trust shall not be deemed for any purpose to affect any person in whose books the stock is inscribed or registered with any notice of the trust.
- (4) In this section the expression "stock" includes shares and any fund, annuity, or security transferable in books kept by any person or by any instrument of transfer, either alone or accompanied by other formalities, and any share or interest therein.
§ Amendments made: In Sub-section (2), after the word "any" ["without any"], leave out the word "further" and insert instead therof the word "such."
§ After the word "execution" ["of its execution"] insert the words "as therein required."—[Sir S. Buckmaster.]
§ Bill reported; as amended considered; read the third time and passed.