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Provisions supplemental to section 22.
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23.—(1) Every deposit book, acknowledgment or security of any kind given for a deposit or loan by a society shall have set out in writing thereon such information as the Registrar may require from time to time.
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(2) A person who subscribes for shares in a society or deposits money with a society shall on first becoming a shareholder or a depositor be entitled to receive from the society free of charge a copy of the statement then being displayed by the society under section 61.
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(3) (a) Where a member of or a depositor with a society who has in the funds of the society a sum of money not exceeding such sum as may from time to time be fixed by the Registrar for the purpose of this subsection dies intestate, the amount due to the member's or depositor's estate may be paid to the person who appears to the directors of the society to be entitled to receive it, without that person taking out letters of administration, upon the society's receiving satisfactory evidence of death and a statutory declaration that the member or depositor died intestate, and that the person so claiming is so entitled.
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(b) Where a society pays any amount due to the person who appeared to be entitled to the effects of the deceased person the payment shall be valid and effectual with respect to any demand against the funds of the society from any other person claiming as next-of-kin or as the lawful representative of the deceased member or depositor, but such next-of-kin or representative shall have his remedy for the amount of the payment against the person who has received it.
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