(1)Subject to subsection (2) of this section, where in the case of a member of a registered society or a person claiming through such a member the society’s committee are satisfied after considering medical evidence that the member or person is incapable through disorder or disability of mind of managing his own affairs and are also satisfied that no person has been duly appointed to administer his property on his behalf, and it is proved to the satisfaction of the committee that it is just and expedient so to do, the society may pay the amount of any shares, loans, and deposits belonging to that member or person to any person whom they judge proper to receive it on his behalf, whose receipt shall be a good discharge to the society for any sum so paid.
(2)The foregoing subsection shall not apply when the member or person in question is—
(a)a patient within the meaning of Part VIII of the M1Mental Health Act 1959; or
(b)a person as to whom powers are exercisable and have been exercised under section 104 of that Act.
Marginal Citations