Priority of nominee

A nominee who by reason of an order of the Minister is deprived of any part of the deposit disposed of in his favour, shall be entitled, in priority to all persons claiming under the will or on the intestacy of the deceased, to be paid a corresponding sum out of any personal estate of the deceased not specifically 20 Savings Bank bequeathed remaining after paying or providing for the deceased’s debts properly payable out of such personal estate.