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BUILDING SOCIETIES ACT (NORTHERN IRELAND) 1967 - SECT 46

New investors and depositors to receive copies of accounts.

46.(1) The provisions of this section shall have effect where a member of, or
depositor with, a building society dies, having a sum of money in the funds of
the society not exceeding five hundred pounds (or such higher amount as may be
substituted for that amount by order made by the Ministry of Finance under
section 6(1) of the Administration of Estates (Small Payments) Act (Northern
Ireland) 1967).

(2) On receipt by the society of satisfactory evidence of the death, and of
the requisite statutory declaration, the amount due may, without the grant of
letters of administration or probate of any will, be paid to the person who
appears to the directors of the society to be entitled to receive it.

(3) In subsection (2) the reference to the requisite statutory declaration is
a reference to a statutory declaration that the member or depositor in
question has died, and that the person claiming the amount is entitled to
receive it as mentioned in that subsection.

(4) Where, after the death of a member or depositor, a building society has
paid any such sum to the person who at that time appeared to be entitled to
his effects, the payment shall be valid and effectual with respect to any
demand against the funds of the society from any other person as next of kin
or as the lawful representative of the deceased member or depositor; but any
such next of kin or representative shall nevertheless have his remedy for the
amount of the payment against the person who received it.

© 1967 Crown Copyright

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