S.L. 254.1 Art. 59Payment.

(1) Unless the universal service provider so designated agrees otherwise, a money order shall not be payable on the same day of issue.

(2) Money orders shall be encashed at the post office indicated thereon or through a bank.

(3) If a money order is presented for payment at a post office, payment will be made to the payee against his signature on proof of his identity.

(4) Crossed money orders shall only be payable through a bank.

(5) When money orders are presented for payment by the Bank, the formalities referred to in this regulation shall not be applicable.