Chap. 60.            AN    ACT    INCREASING    THE    AMOUNT   WHICH    A
CREDIT  UNION   CAN   PAY   TO   THE   NEXT   OF   KIN OF A DECEASED MEMBER.
Be  it enacted,   etc.,   as  follows:
Chapter    171     of    the    General     Laws    is    hereby    amended    by
striking out section   11A,   as  amended  by chapter 6 of the   acts   of 1976,  and inserting in place thereof the following section:-
Section 11A, Deposits or shares standing in the name of a deceased depositor or shareholder shall, except as otherwise provided in sections ten and eleven, be paid to his legal representative; provided, that if the total of such deposits and shares does not exceed three thousand dollars and there has been no demand for payment by a duly appointed executor or administrator, payment may be made at the discretion of the treasurer or other duly authorized officer of the corporation after the expiration of sixty days from the death of such depositor or shareholder to the surviving spouse or next of kin of such deceased upon presentation of a copy of the death certificate and the surrender of the passbook, if any, evidencing such deposits or shares. Payments made as provided in this section shall discharge the liability of the corporation to all persons to the extent of such payments.
Approved       April      3,       1981.