New Zealand Legislation: Acts
Acts are laws made by Parliament
(1) The Board shall open and maintain, at such bank as it from time to time determines, an account to be called the National Trust Fund Account.
(2) All money forming part of the Trust Fund shall, as soon as practicable after it is received by any proper officer of the Trust, be paid into the National Trust Fund Account.
(3) No money shall be paid out of the National Trust Fund Account except with the authority, and in accordance with any general or special directions, of the Board.
(4) The National Trust Fund Account may only be operated on by cheque or other negotiable instrument (not being a promissory note or bill) signed by a director or other officer of the Trust who is authorised by the Board to sign cheques drawn on the account, and countersigned by any other director or officer of the Trust who is authorised by the Board to sign such cheques.