Joint accounts
8.—(1) Deposits may be made in the joint names of two or more persons entitled to make deposits.
(2) A declaration in the approved form shall be made by all the persons in whose names the account is to be opened.
(3) Any application to withdraw the deposits shall be made by all the persons in whose names the account stands, or by the survivor of those persons.
(4) Upon the application of all the said persons or the survivor of them, the Director of Savings may remove the name of any person from the title of the account and may substitute the name of another person in place thereof with the consent in writing of the person whose name it is desired to substitute, and every party to the account as altered shall make the declaration required upon the opening of an account.