The Savings Certificates Regulations 1991

Payment under grant of representation

14.—(1) In the event of the death of the holder of a certificate, theproduction of probate or letters of administration granted, or havingeffect as if granted, in respectof personal estate including thecertificate, by a court in the United Kingdom, the Isle of Man or theChannel Islands, or of a certified copy thereof, shall, subject to theprovisions of these Regulations, be sufficient authority to the Directorof Savings to pay the amount repayable in respect of the certificate, orto transfer the certificate, to the person to whom the grant was made,or as directed by that person.

(2) Where any sum repayable in respect of a certificate is paid, or acertificate is transferred, in purported pursuance of this regulation,the payment or transfer shall, notwithstanding the invalidity of, or anydefect in, the probate or letters of administration, be deemed for thepurposes of these Regulations to have been duly made.