Friendly Societies and Credit Unions Act 1982

44 Payment on death of nominator
  • (1) Subject to subsection (2), on receiving satisfactory proof of the death of a nominator, the registered society or branch shall pay to his nominee or nominees the amount due to the deceased or, as the case may be, the amount specified in the nomination.

    (2) The total amount paid by virtue of a nomination (whether in favour of 1 nominee or more) shall not exceed the amount specified in section 43(2) as being the maximum amount payable pursuant to a nomination.

    (3) The receipt of a nominee over 16 years of age for any amount paid in accordance with this section shall be valid.

    (4) Where a society or branch has paid money to a nominee in ignorance of a marriage or civil union subsequent to the nomination, the receipt of the nominee shall be a valid discharge to the society or branch.

    Compare: 1909 No 12 s 57(1), (5), (13)

    Section 44(4): amended, on 26 April 2005, by section 7 of the Relationships (Statutory References) Act 2005 (2005 No 3).