i want the answer for legal purpose. please tell me from where i can get the written document about the answer.
2006-09-21 07:50:05 · 4 answers · asked by shakti s 1 in Politics & Government ➔ Law & Ethics
Nomination is preferred by all banks to avoid all the paper work which is involved in settling the claim to the legal heirs of the deceased depositor.
A nominee is not a legal successor however other legal heirs have no right over the deposit of the deceased except that of a nominee and the law protects the bank against any claim which may arise in future.
You can refer to Neg Inst. Act and may contact law books bazar.
2006-09-23 04:29:57 · answer #1 · answered by ♪¢αpη' ε∂ïß♪ ♥♥♥♥♥♥♥♥ 6 · 0⤊ 0⤋
Nominee is not a legal successor of deceased depositor. Legal heir/heiress are.
2006-09-21 15:00:02 · answer #2 · answered by benny 2 · 0⤊ 0⤋
One has to be a legal successor for any further ancestoral benefit compulsorily. No matter the property is moveable or immoveable.
2006-09-22 03:19:50 · answer #3 · answered by sona_d 3 · 0⤊ 0⤋
Ask the bank.
2006-09-21 15:07:27 · answer #4 · answered by indiananytime 2 · 0⤊ 0⤋