Nomination rights secure beneficiary entitlement to account payments upon depositor's death, subject to passbook submission before closure. A depositor may nominate one or more persons to receive amounts due on the account upon the depositor's death; nomination may be made at opening or later, provided the account is not closed, and a later nomination requires an application accompanied by the passbook submitted to the postmaster.
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.
Nomination rights secure beneficiary entitlement to account payments upon depositor's death, subject to passbook submission before closure.
A depositor may nominate one or more persons to receive amounts due on the account upon the depositor's death; nomination may be made at opening or later, provided the account is not closed, and a later nomination requires an application accompanied by the passbook submitted to the postmaster.
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