Joint depositors

Where moneys are deposited in the joint names of two and not exceeding three persons, such persons at the time of making their first deposit shall specify the manner in which their account shall be operated, provided nevertheless that in the event of the death of any joint depositor the money at the credit of such account shall be payable to the survivor or survivors, and should it be shown to Savings Bank 15 the satisfaction of the Minister that any joint depositor from insanity, imbecility or any other cause, is incapable of acting, withdrawals may be made by the depositor or depositors who may be capable of acting. The Savings Bank shall not be liable for any deposit or deposits or any part thereof paid under the erroneous belief that a joint depositor was dead or had become incapable of acting through insanity, imbecility or any other cause.