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They are to be treated as jointly entitled to the deposit without the intervention of a trust.
Cases of jointly entitled depositors are covered by subsection (6):
The Court of Appeal.concluded that the four respondents were jointly entitled to exclusive occupation of the flat.
All of these are jointly entitled to the most important types of tax (i.e., value-added tax and income tax).
In the present case, if the four respondents had been jointly entitled to exclusive occupation of the flat then, on the death of one of the respondents, the remaining three would be entitled to joint and exclusive occupation.
This was an argument expanded two years later in a pair of "Lethaby Lectures" jointly entitled "The Pessimist Utopia", which Crosby delivered to the Royal College of Art, and subsequently published as a Pentagram Paper.
'where two or more persons are jointly entitled to a deposit.each of them shall be treated as having a separate deposit of an amount produced by dividing the amount of the deposit to which they are jointly entitled by the number of persons who are so entitled.
