Child Trust Funds Act 2004
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Change 1
4 Inalienability
(1) Any assignment of, or agreement to assign, investments under a child trust fund, and any charge on or agreement to charge any such investments, is void. (2) On the bankruptcy of a child by whom a child trust fund is held, the entitlement to investments under it does not pass to any trustee or other person acting on behalf of the child’s creditors. (3) “Assignment” includes assignation; and “assign” is to be construed accordingly. (4) “Charge on or agreement to charge” includes a right in security over or an agreement to create a right in security over. (5) “Bankruptcy”, in relation to a child, includes the sequestration of the child’s estate.
4 Inalienability
(1) Any assignment of, or agreement to assign, investments under a child trust fund, and any charge on or agreement to charge any such investments, is void. (2) On the bankruptcy of a child by whom a child trust fund is held, the entitlement to investments under it does not pass to any trustee or other person acting on behalf of the child’s creditors. (3) “Assignment” includes assignation; and “assign” is to be construed accordingly. (4) “Charge on or agreement to charge” includes a right in security over or an agreement to create a right in security over. (5) “Bankruptcy”, in relation to a child, includes the sequestration of the child’s estate.
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