Payment on death

(1) Subject to the provisions of these Rules, on the death of a depositor, his deposit up to the amount of five hundred dollars or such less amount as is disposed of by any nomination in force at his death shall, notwithstanding any will whether made before or after the date of the nomination or the intestacy of the deceased, be distributed according to the directions contained in the nomination. (2) Except as hereinafter provided no payment shall except by order of the Minister be made until at least one month after the death of the depositor. (3) But it shall be lawful for the Minister at any time after the death of the depositor to pay to such nominee out of any sum to which such nominee appears to be entitled a sum not exceeding one hundred dollars to provide for the expenses of the burial of the depositor. CAP. 130. (4) The Minister shall not make any payment to any such nominee under the preceding paragraph of this rule until such nominee shall have made a statutory declaration under the Oaths Act verifying– (a) the death of the depositor; (b) that the declarant is the person nominated by the depositor; (c) that the sum is bona fide required for the burial of the depositor; Savings Bank 19 (d) that nothing has occurred to cause the nomination by virtue of which the declarant claims to lapse or become void.