Post Office Savings Bank Regulations (C.R.C. 1955, p. 2561)
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Regulations are current to 2024-11-26
Persons of Unsound Mind
22 (1) If any depositor is of unsound mind or under any other legal disability, anything which, under these regulations, is required or authorized to be done by or to the depositor shall or may be done by or to the committee or other person empowered by law to administer his estate.
(2) [Repealed, SOR/71-176, s. 10]
(3) The prescribed identification information shall be given by such committee or other person who shall specify the capacity in which it or he acts.
(4) Any application for the withdrawal of the deposits shall be made by such committee or other person.
(5) Where a depositor is of unsound mind and no committee or other person empowered by law to administer his estate has been appointed, the Director may, when it is proved to his satisfaction that it is just and expedient so to do, pay the deposits standing in the name of the depositor, or any part thereof, to any person whom he shall judge proper to receive the same.
Evidence of Identity
23 (1) Nothing in these Regulations shall prejudice the right of the Director to require evidence to be given to his satisfaction
(a) of the identity of any person;
(b) the title or authority of any person to withdraw any deposits;
(c) that anything purporting to be done pursuant to these Regulations has been duly done; and
(d) with respect to any other matters on which the due exercise of his powers or performance of his duties under these Regulations depends.
(2) The Director may, for the purpose of obtaining any evidence referred to in subsection (1), require a statutory declaration to be made by any person.
- SOR/71-176, s. 11
24 [Repealed, SOR/71-176, s. 11]
Service Charges
25 The Director may charge, for the keeping of any depositor’s account, service charges at such rates as may be approved by the Canada Post Corporation.
- SOR/81-843, s. 1
26 [Repealed, SOR/81-843, s. 2]
Application of Regulations to Existing Deposits
27 Subject to the provisions of these regulations, these regulations shall apply to all sums standing to the credit of any account open in the Bank, provided that anything had or done by or in accordance with the directions of the Postmaster General or the Director with respect to deposits made before the coming into force of these regulations, if had or done in accordance with the regulations hereby repealed, shall be deemed to have been lawfully had or done notwithstanding that the provisions of these regulations were not complied with.
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