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Law library · Sierra Leone · The Post Office Savings Bank (Rate of Interest) Order

Section 39, The Post Office Savings Bank (Rate of Interest) Order

Status not yet checkedThe Post Office Savings Bank (Rate of Interest) Order, Sierra Leone

(I) Any depositor may apply to the Postmaster Generalfor the transfer of deposits standing in his name into the name of any other person entitled to deposit in the Savings Banlc (2) Such application shall be in the prescribed form, copies of which may be obtained from the Postmaster General. (3) Every such application shall be accompanied by the depositor's book or by such other evidence as the Postmaster General may require of the title of the depositor to the sums to which the application relates. (4} Every such application shall also be accompanied by a statement of the full name and address of the person to whose name- it is desired to transfer the deposits (hereinafter referred to as "the transferee"), and particulars of the account (if any) to which the deposits are to be transferred. (5) Upon receiving such application as aforesaid, and being satisfied as to the title of the applicant to transfer the deposits to which the application relates, the Postmaster General may transfer from the account of the applicant to the account of the transferee the sum specified in the application. (6) In the event of such transfer being permitted such appiication shall be a good discharge to the Postmaster General from the transferor for the sum specified therein. (7) If the transferee is not already a depositor- (a) He shall be required to make a like declaration to that made in relation to a first deposit. (b) A depositor's book shall be handed to him and he shall sign his name in the place provided for his signature in such (c) ~Where the transfer is made into the name of a Charitable Society, any such declaration and signatme as last aforesaid shall (so far as the same are necessary in the case of a f...:rst deposit) be made and given by the person who would make and give the same in the case of a first deposit.

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