Provision for the case of a member dying intestate leaving an infant beneficiary

Whenever a member of a society having executed a mortgage to the society shall die intestate, leaving an infant entitled to the proceeds of the mortgaged property, the society after selling may pay to the administrator or administratrix of the deceased member any money to the amount of five thousand dollars which remains in the hands of the society after paying the amount due to it together with the costs and 26 expenses of the sale, without being required to pay or invest the same in any other manner that may at any time by law be provided generally in respect of trustees.