Bare ActsGovernment Savings Banks Act, 1873

Section 12

Payment of deposits belonging to lunatics

Amendment status not verified — confirm the current text below against the official source.

If any depositor becomes insane or otherwise incapable of managing his affairs, and if such insanity or incapacity is proved to the satisfaction of the Secretary of the Bank in which his deposit may be, such Secretary may, from time to time, make payments out of the deposit to any proper person, and the receipt of such person, for money paid under this section, shall be a sufficient discharge therefor. Where a committee or manager of the depositor's estate has been duly appointed, nothing in this section authorizes payments to any person other than such committee or manager.

Section 12 – Government Savings Banks Act, 1873 | DailyLaw.ai