S.L. 575.1 Art. 12Disposal of Retail Savings Bonds on holder’s death.

(1) Transactions related to the transfer causa mortis of Retail Savings Bonds onto the beneficiaries of the deceased holder shall be processed by the Accountant General or any person appointed by him to deal with the processing and vetting of documentation leading to the release, transfer or repayment of Retail Saving Bonds.

(2) The Accountant General or the person appointed by him to deal with the transfer claims shall process the release, causa mortis transfer or the repayment of the Retail Savings Bonds in accordance with holder’s testamentary disposition and on the instructions submitted by the notary or lawyer having the lawful authority to act on behalf of the heirs.

(3) The request for the disposition of Retail Savings Bonds to the beneficiaries legally entitled to receive the benefit of the Retail Savings Bonds shall be made in conformity with the terms and conditions of the prospectus.