Creditor of deceased depositor

(1) A creditor of a deceased depositor may at any time after the death give written notice to the Minister specifying the amount of his debt, and, in that case, if the amount of the deposit apart from the amount disposed of by nomination is insufficient to pay the debts of which the Minister has received written notice as aforesaid, no further payment shall be made to a nominee except by order of the Minister. (2) In such a case the Minister may, in his absolute discretion, order the whole or any part of the deposit, so far as it is disposed of by nomination, to be paid to the executor or administrator of the deceased depositor for payment of the deceased’s debts, or to be paid direct to any creditor of the deceased, or to be distributed under the nomination without regard to the claims of the creditors of the deceased. (3) Save as in this rule mentioned, a deposit may be distributed under a nomination without regard to the debts of the