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

Nomination

Savings Bank Rules, r. 40 · Revised Edition 2020

(1) A depositor of the age of sixteen years or upwards may by writing (hereinafter called a “nomination”) name one or more nominees to whom the whole or any part of his deposit up to the sum of five hundred dollars is to be paid on his death. (2) A nomination shall be signed by the depositor in the presence of a witness, but shall not take effect unless it is lodged with and accepted by the Minister in the life time of the (3) A witness shall not take any benefit under a nomination witnessed by him. (4) The form of nomination given in the Sixth Schedule to these Rules shall be sufficient. Sixth Schedule. (5) The Minister may refuse to accept any nomination which, in his opinion, is obscure in meaning or will be difficult to administer. (6) The Minister shall provide printed nomination forms at the expense of the Savings Bank.
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