← belizelaw.ai · Savings Bank Rules, Cap. 266s01

Depositor becoming incapable

Savings Bank Rules, r. 32 · Revised Edition 2020

(1) Where it is proved to the satisfaction of the Minister that a depositor is from any cause whatever incapable of managing his affairs, whether permanently or temporarily, the Minister may, if he thinks fit, give authority for the application of the whole or any part of the depositor’s deposit for the maintenance or benefit of himself or his family. (2) Such authority may be either for a single payment or for payments from time to time, and shall name the person to whom each payment is to be made, and may prescribe how the money is to be expended and impose conditions as to giving security, rendering accounts, or otherwise, and may, as regards any payment not already made, be revoked at any time. (3) The receipt of any person for money paid to him under such authority shall be sufficient discharge to the Minister who shall not be responsible for seeing to the application of any such
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Depositor becoming incapable — Cap. 266s01 s. 32 · Belize Law