Nominee rights: nominees may encash or subdivide savings certificates after a holder's death upon required proof and application. Nominees may, on the holder's death, encash the certificate or sub divide it into appropriate denominations for individual or two adult joint nominees at any time before or after maturity; the surviving nominee must apply to the Postmaster with proof of death, multiple nominees must give a joint discharge on payment or subdivision, and the post office may issue a fresh certificate in the name of a single nominee or two adult nominees jointly.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Nominee rights: nominees may encash or subdivide savings certificates after a holder's death upon required proof and application.
Nominees may, on the holder's death, encash the certificate or sub divide it into appropriate denominations for individual or two adult joint nominees at any time before or after maturity; the surviving nominee must apply to the Postmaster with proof of death, multiple nominees must give a joint discharge on payment or subdivision, and the post office may issue a fresh certificate in the name of a single nominee or two adult nominees jointly.
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